07-June-2025 Daily Answer Writing
Q1) Critically examine the rationale and likely economic impact of the RBI’s recent decision to reduce the repo rate and cash reserve ratio. (GS3- Economy, 15 Marks, 250 words) Answer: The Reserve Bank of India (RBI) recently reduced the repo rate by 50 basis points (bps) to 5.50% and the Cash Reserve Ratio (CRR) by…