Directions: This question consists of six sentences of a passage. The first and sixth sentences are given as S1 and S6. The middle four sentences in each have been jumbled up and labelled as P, Q, R and S. You are required to find the proper sequence of the four sentences and mark your response accordingly.
S1: The Reserve Bank of India (RBI) has announced a 25 basis point increase in the benchmark interest rate, the first hike in four years.
S6: The RBI will be closely monitoring the economic situation and will adjust rates as necessary to maintain stability
P: The rate hike is likely to impact the housing and auto loan sectors, as well as small and medium enterprises, which may find it more difficult to access credit.
Q: The move has been met with mixed reactions, with some arguing that it is necessary to control rising prices, while others are concerned about the potential impact on growth.
R: The decision, which was widely expected, was taken to curb rising inflation and stabilize the rupee, which has fallen sharply against the U.S. dollar in recent months.
S: The RBI has signaled that more rate hikes may be necessary in the future if inflation continues to rise.