RBI has hiked the policy repo rate by how many basis points?

• A. 45 basis points
• B. 40 basis points
• C. 35 basis points
• D. 30 basis points

Answer: (B)

The Reserve Bank of India (RBI) in a sudden move on May 4, 2022, increased the policy repo rate by 40 basis points to 4.40 percent with immediate effect.