Since March 2010, how many times the Reserve Bank of India has increased the repo rate ?
Between March 2010 and October 2011 the Reserve Bank of India raised the repo rate thirteen times to curb inflation, taking it from 4.75% to 8.5%. The Economic Survey…
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Since March 2010, how many times the Reserve Bank of India has increased the repo rate ?
Answer and explanation
Correct answer B
Between March 2010 and October 2011 the Reserve Bank of India raised the repo rate thirteen times to curb inflation, taking it from 4.75% to 8.5%. The Economic Survey 2011–12 records this run of thirteen increases. The other counts understate or overstate the number of hikes in that tightening cycle.
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UGC NET Economics