Multiple Choice Questions on RBI has announced a slash in the Reverse repo rate to bring liquidity in the market What is the new ........... for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

RBI has announced a slash in the Reverse repo rate to bring liquidity in the market What is the new ...........

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    RBI has announced a slash in the Reverse repo rate to bring liquidity in the market. What is the new reverse repo rate ?

    3.25 %

    Incorrect Answer

    3.35 %

    Correct Answer

    3.50 %

    Incorrect Answer

    3.75 %

    Incorrect Answer
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    Explanation:
    • The Reserve Bank of India (RBI) has released the Monetary Policy Report for the month of August 2020.
    • Repo rate remains at 4% and the reverse repo rate at 3.35%.
    • Retail inflation (measured by the Consumer Price Index - CPI) rose to 6.09% in June 2020 from 5.84% in March, breaching the central bank’s medium-term target of 4±2%.

    By: Rohit Middha
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