Question

Current Reverse Repo Rate is 2.5%. The difference between repo and reverse repo shall be 250 basis points. RBI increases reverse repo by 150 basis points. What is the new Repo Rat? *​

Answer 1

4

Explanation:

current reverse repo rate is 2.5

new reverse repo rate is 2.5+(150/100)=4

difference between repo and reverse repo is 2.5

hence new repo rate is 2.5+1.5=4