What has the Monetary Policy Committee of the Reserve Bank of India set the repo rate at?
A) 6.25%
B) 6.0%
C) 6.5%
D) 5.75%
Answer : B
Description :
Taking into account the ongoing global trade wars and rising uncertainties, the RBI’s Monetary Policy Committee has cut the repo rate by 25 basis points, bringing it down to 6.0%. The GDP growth forecast for FY2026 has also been revised from 6.7% to 6.5%. The RBI Governor noted potential risks to economic growth and exports due to new tariff measures, although inflation risks remain limited owing to declining commodity and crude oil prices.
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