Today Current Affairs - Latest Current Affairs - Current Affairs

Click for Special Gk Quiz Free Mock Test in English Free Mock Test in Hindi Monthly Current Affairs
Facebook Twitter google+ Pinterest

There is no change in repo rate in RBI monetary policy review

There is no change in repo rate in RBI monetary policy review

There was no change in the repo rate in the monetary policy review of the Reserve Bank of India on Wednesday. The repo rate has remained at 6.5 per cent and the reverse repo rate will remain at 6.25 per cent only. From June the central bank has increased policy rates two consecutively. After that, in October, the central bank kept the interest rates unchanged, keeping the market in a unchanged. However, during  inflationary pressure due to the rupee fall and higher crude oil prices, it was expected that the interest rates would increase. At that time the repo rate was kept at 6.50 percent.

The rate at which the Reserve Bank lends to other commercial banks is called a repo rate. The six-member committee, headed by Reserve Bank Governor Urjit Patel-led Monetary Policy Committee (MPC), is meeting on December 3. This is the fifth bimonthly monetary policy review meeting of the current financial year.

Q.1 What is the revised reate in RBI monetary policy review in 2018?
A. 12.85 percent
B. 6.5 percent
C. 10.72 percent
D. 3.85 percent
Ans: 6.5 percent
Q.2 Who is the governor of Reserve Bank of India during 2018?
A. Raghuram Rajan
B. Urjit Patel
C. Manmohan Singh
D. Viral Acharya
Ans: Urjit Patel

Recent Post

Examlover website provide all Latest Current Affairs & Today Current Affairs 2018 for better preparation of UPSC, SSC, Banking, Railway, Defence and all government exams. Daily Current Affairs 2018 news summary on current events of national and international importance for all government competitive examinations. Current affairs preparation for govt. exams, so you can visit here for Current Affairs GK, Today GK, Daily Quiz, Daily GK and Current Affairs Quiz etc. You can also find here all the study material and learning data for One Day Exams, Online Exams and Offline Exams preparation. All types current affairs category here and uncategorized current affairs updates by us day to day related government schemes, publics deals, politics, Sports Science & Technology and miscellaneous news which is very important and useful in all government exams like UPSC, SSC, Banking, Railway, Medical etc.