What is the repo rate increased by the RBI? Options: A . &nbsp25 basis points B . &nbsp35 basis points C . &nbsp50 basis points D . &nbsp75 basis points

What is the repo rate increased by the RBI?

Question

What is the repo rate increased by the RBI?

Options:

A . 25 basis points

B . 35 basis points

C . 50 basis points

D . 75 basis points

Answer: Option B
The Reserve Bank of India (RBI) raised its key lending rate by 35 basis points to 6.25% on Dec 7, 2022, as inflation continues to stay above the central bank's tolerance band.

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