At what rate has the Monetary Policy Committee kept the repo rate unchanged for the eighth time in a row?
A) 6.00%
B) 6.25%
C) 6.50%
D) 6.75%
Answer : D
Description :
The Monetary Policy Committee (MPC) of the Reserve Bank of India has kept the repo rate unchanged at 6.5% in its first meeting after the Lok Sabha elections 2024. The RBI decided to retain the key rate for the eighth consecutive time in its June 2024 meeting. The MPC last changed the benchmark interest rate in February 2023. Also, real GDP growth is expected to be 7.2% for the financial year 2025.
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