Multiple choice

In March 2015, the Reserve Bank of India reduced the repo rate to

  1. 7.75 percent

  2. 7.5 percent

  3. 7 percent

  4. 8 percent

  5. 8.25 percent
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In March 2015, the RBI cut the repo rate by 25 basis points from 7.75% to 7.5%. This was the first rate reduction under Governor Raghuram Rajan, aimed at boosting economic growth while managing inflation.

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