Q. What is the current repo rate as per latest 6th bi-monthly monetary policy for the FY 2016-17?
Answer of this question "What is the current repo rate as per latest 6th bi-monthly monetary policy for the FY 2016-17?", here are 4 choices for this question : 6.75%, 6.55%, 7.0%, 6.25%. Answer Is "6.25%".
The Reserve Bank of India (RBI) has kept the repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.25% in its 6th bi-monthly and last monetary policy for the financial year 2016-17. Consequently, the reverse repo rate under the LAF remains unchanged at 5.75% and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%. The rates has been decided by the Monetary Policy Committee (MPC) of the RBI, which is headed by RBI Governor Urjit Patel.