Home

Question

What is the repo rate announced in the recent bimonthly RBI monetary policy statement?
  • 5.50%
  • 6.50%
  • 7%
  • 9%
Answer- B
During the recent bimonthly monetary policy announcement, the Reserve Bank of India has maintained the repo rate at 6.50 per cent.

Shaktikanta Das, the governor stated that the Monetary Policy Committee (MPC) unanimously decided to retain the current repo rate during the first monetary policy statement of the current financial year.

Despite the pandemic, economic activity has proven to be durable, and the real GDP growth for FY 22-23 is estimated to be 7 per cent.