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Answer

Correct Option is None of these

If repo rate goes down, loan rates will go down. In turn, the value of rupee will strengthen against other currencies. Consumer Price Index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households; hence it should be jumped from its previous rates. Reduction in global crude prices also plays an important role for the rate cuts by RBI. So, none of the options negates the above steps taken by the RBI.

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