Question

On 9 October 2024, RBI maintained the repo rate at what percentage for the tenth consecutive time?

• A. 6.5%
• B. 4.1%
• C. 5.9%
• D. 7.4%

Answer 1

Answer:

A. 6.5%

The Reserve Bank of India's Monetary Policy Committee (MPC) on Wednesday (October 9, 2024) decided to keep the policy repo rate unchanged at 6.50% for the 10th consecutive time he Reserve Bank of India (RBI) has announced that it has kept its repo rate – the rate at which it lends to banks – unchanged for the tenth consecutive time. This was stated at the conclusion of the Monetary Policy Committee (MPC) meeting that took place between October 7-9, 2024 in Mumbai