RBI Monetary Policy Committee (MPC) Highlights

Current Context: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting was held and the committee decided to keep the repo rate unchanged for the 9th consecutive time in order to maintain an accommodative stance.

• The repo rate was unchanged at 4% and the reverse repo rate will continue to be 3.35%
• Following are the latest decisions:
• Policy Repo Rate: 4.00%
• Reverse Repo Rate: 3.35%
• Marginal Standing Facility Rate: 4.25%
• Bank Rate: 4.25%
• CRR: 4%
• SLR: 18%
• The real GDP growth is projected at 9.5% in 2021-22 and for Q1 of 2022-23 it is projected to be at 17.2%
• The inflation projection was retained for FY22 at 5.3%, 5.1% for Q3, 5.7% for Q4, and 5% for Q1 FY23.
• Members of MPC: Shaktikanta Das (Governor), Dr Michael Debabrata Patra, Dr Mridul K. Saggar, Prof. Ashima Goyal, Prof. Jayanth R Varma and Dr Shashanka Bhide.
• Static Part: 
• HQ of RBI: Mumbai

Question: 

Ques:1: As per the latest meeting of RBI MPC, what is the policy repo rate?
a. 4.25%
b. 4%
c. 3.35%
d. 3%