What repo rate was declared by the Reserve Bank of India’s Monetary Policy Committee (MPC) on 9th October 2024?
6.50%
The correct answer is option 2 i.e. 6.50%.
The Reserve Bank of India's Monetary Policy Committee (MPC) in its meeting held on October 7-9, 2024, decided to keep the policy repo rate unchanged at 6.50 percent. Consequently, the standing deposit facility (SDF) rate remained at 6.25 percent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 percent. The MPC also shifted its stance from 'withdrawal of accommodation' to 'neutral'.
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