RBI increased the policy repo rate by 25 basis points to __________. – InterviewSolution

InterviewSolution

1.	RBI increased the policy repo rate by 25 basis points to __________.
Answer» The Reserve Bank of India (RBI) increased the repo rate by 25 basis points to 6.5% and the reverse repo rate to 6.25%. This is the third bi-monthly policy review of the 2018-2019 financial year. The marginal standing facility rate and the bank rate have been adjusted to 6.75%. This decision was made by the Monetary Policy Committee headed by RBI Governor Urjit Patel. Repo rate is the rate at which the RBI lends money to commercial banks in the event of a shortfall of funds.

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