In its October 2026 monetary policy review, the RBI raised the repo rate by 25 basis points to what new level - its first hike since February 2023?
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Answer: Option B — 5.50%
Detailed Solution
The MPC unanimously raised the repo rate by 25 bps to 5.50% on 7 October 2026, shifting its stance to 'calibrated tightening' amid inflation risks from crude prices and currency pressure.
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