Question :

To what basis points did RBI increase the repo rate on 7 December 2022?

A) 33 points
B) 38 points
C) 32 points
D) 35 points

Answer : D

Description :

The Reserve Bank of India (RBI) increased the repo rate by 35 basis points to 6.25% on December 7, 2022, for the fifth consecutive time. The key interest rate increased by a total of 190 basis points. Since June 2022, it has hiked by 50 basis points thrice and once by 40 basis points during an off-cycle meet in May 2022.

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