1.

The Reserve Bank of India’s Monetary Policy Committee (MPC) kept the repo rate at ________ on 5 December 2018.1). 5%2). 5.5%3). 6%4). 6.5%

Answer»
  • The Reserve Bank of India’s Monetary POLICY Committee (MPC) KEPT the repo rate unchanged at 6.5% on 5 December 2018.
  • The reverse repo rate was ALSO kept unchanged at 6.5%.
  • Repo rate is the rate at which the RBI lends to other BANKS.
  • This means that HOME loan and car loan rates will not change.
  • The six-member Monetary Policy Committee (MPC) is headed by RBI Governor Urjit Patel.


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