What is the repo rate after the RBI 39 s June 2022 Monetary Policy Committee MPC...........

Current GK ( Master) Money Supply and Monetary Policy

Download Solution PDF

What is the repo rate after the RBI's June 2022 Monetary Policy Committee (MPC) meeting?

4.2 %

4.5 %

4.9 %

5.0 %

छोटे Courses बड़े Results

Master Money Supply and Monetary Policy

Prepare through Micro-courses

Try Now

Explanation:

Reserve Bank of India’s Monetary Policy Committee (MPC) decided to hike the Policy Repo Rate by 50 basis points to 4.9 per cent in its June 2022 meeting.
The MPC members voted unanimously to hike rates and to continue the withdrawal of the accommodative stance. RBI’s MPC last month raised the repo rate by 40 basis points. Real GDP forecast for FY23 has been retained at 7.2% while inflation projection was revised for FY23 to 6.7 %.