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      Question

      What is the current repo rate as decided by the Reserve

      Bank of India (RBI) in its latest Monetary Policy Committee (Dec 2024) review?
      A 4.5% Correct Answer Incorrect Answer
      B 6.5% Correct Answer Incorrect Answer
      C 5.5% Correct Answer Incorrect Answer
      D 7.0% Correct Answer Incorrect Answer
      E 6.75% Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India (RBI) decided to maintain the repo rate at 6.5% for the 11th consecutive review. The Monetary Policy Committee (MPC) took this decision to balance the dual objectives of controlling inflation, which rose to 6.2% in October, and supporting economic growth. The neutral stance of the MPC ensures flexibility to respond to emerging economic challenges.

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