Q. What is the current reverse repo rate, as per first bi-monthly monetary policy review for 2017-18 of the Reserve Bank of India (RBI)?
Answer: 6.0%
Notes: As per first bi-monthly monetary policy review for 2017-18 of the Reserve Bank of India (RBI), the repo rate — the main policy rate at which banks borrow from RBI remain unchanged at 6.25%. While, RBI raised the Reverse Repo (RR) rate by 25 bps to 6% and cut the Marginal Standing Facility (MSF) rate and the bank rate by 25 bps to 6.50%. The central bank also allowed banks to invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in a bid to spur investments in core infrastructure sectors. The Reverse Repo (RR) rate is the rate at which banks lend funds to the RBI.
This question is part of Current Affairs Daily 20 MCQ Series Course on GKToday Android app.
