Repo rate reduced by 50 basis points

Q.  The Reserve Bank of India cut the repo rate by -
- Published on 30 Sep 15

a. 25 basis points
b. 30 basis points
c. 50 basis points
d. 75 basis points

ANSWER: 50 basis points
 
RBI governor Raghuram Rajan cut repo rate by 50 basis points to 6.75%. The repo rate now stands at a 4-1/2 year low. Cash Reserve Ratio (CRR) remains unchanged at 4%.

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