- It was headed by RBI Governor Shaktikanta Das and he has maintained the status quo.
- As per the MPC meeting, the repo rate was unchanged i.e. it is at 4%.
- The reverse repo rate was unchanged i.e. it is at 3.35%.
- The Marginal Standing Facility Rate is at 4.25%.
- The Bank rate is at 4.25%.
- The CRR is at 4% and the SLR is at 18%.
- As per the MPC Committee, the GDP growth forecast for FY22 is at 9.5%.
- The on-tap TLTRO scheme deadline was extended to 31st Dec 2021.
- Members of MPC Committee: Shaktikanta Das, Dr. Michael Debabrata Patra, Dr. Mridul K. Saggar, Dr. Shashanka Bhide, Prof Ashmia Goyal, and Prof Jayanth R Varma.
Question:
Q.1 What is the current Bank rate?
a. 4.25%
b. 4%
c. 3.35%
d. 3.25%
a. 4.25%
b. 4%
c. 3.35%
d. 3.25%
