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    Question

    What is the current repo rate as decided by the Reserve

    Bank of India (RBI) in its latest Monetary Policy Committee (Dec 2024) review?
    A 4.5% Correct Answer Incorrect Answer
    B 6.5% Correct Answer Incorrect Answer
    C 5.5% Correct Answer Incorrect Answer
    D 7.0% Correct Answer Incorrect Answer
    E 6.75% Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) decided to maintain the repo rate at 6.5% for the 11th consecutive review. The Monetary Policy Committee (MPC) took this decision to balance the dual objectives of controlling inflation, which rose to 6.2% in October, and supporting economic growth. The neutral stance of the MPC ensures flexibility to respond to emerging economic challenges.

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