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      Question

      When did RBI cut the repo rate for the first time in five

      years?
      A January 31, 2025 Correct Answer Incorrect Answer
      B February 7, 2025 Correct Answer Incorrect Answer
      C December 20, 2024 Correct Answer Incorrect Answer
      D March 1, 2025 Correct Answer Incorrect Answer
      E April 15, 2025 Correct Answer Incorrect Answer

      Solution

      On February 7, 2025, the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points (bps) to 6.25%, marking the first rate cut in nearly five years. This decision aimed to provide relief to borrowers by lowering interest rates on loans.

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