RBI Cuts Reverse Repo rate by 25 Basis Points on January 15, 2015

Q.  By what basis points, Reverse Repo Rate was cut by Reserve bank of India on 15th January’2015?
- Published on 22 Jan 15

a. 50 basis points
b. 70 Basis points
c. 80 basis points
d. 25 basis points

ANSWER: 25 basis points
 
Reserve Bank of India (RBI) cut the reverse repo rate by 25 basis points to 7.75%. The move comes at a time when inflation is steadily coming down and cries for a rate cut were growing loud.

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