RBI controls inflation by increasing Repo rate What is the current Repo Rate at present ........

Current GK (RBI Grade B) Money Supply and Monetary Policy

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RBI controls inflation by increasing Repo rate. What is the current Repo Rate at present?

5.50%

6.0%

6.25%

6.50%

6.75%

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Explanation:

Repo rate is the rate at which the central bank lends to the commercial banks. Hike in interest rates will lead to a decline in borrowing by the commercial banks and this rise in Repo rate will be effective only when commercial banks increase their base rates. Current Repo Rate is 6.25%