Repo rate was cut by RBI by 25 basis points on 4thMarch 2015

Q.  How many points were cut in Repo Rate by the Reserve Bank of India on 4th Mar’15?
- Published on 27 Mar 15

a. 50 Basis Point
b. 80 Basis Point
c. 35 Basis Point
d. 25 Basis Point

ANSWER: 25 Basis Point
 
The Reserve Bank of India on 4th Mar’15 cut repo rate by 25 basis points to 7.5 percent, signaling that it was convinced by the fiscal consolidation measures announced in the Budget. This is the second out of turn 25 basis point-cut after the one in January.

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