Which of the following points is 'Incorrect' with respect to the 4th Bi-Monthly Monetary Policy Statement for FY24 released by RBI in October 2023?
- The Reserve Bank of India's Monetary Policy Committee has opted to keep the policy repo rate under the liquidity adjustment facility unchanged at 6.50% for the 4th time in a row.
- The Reverse Repo Rate and the Marginal Standing Facility (MSF) Rate are kept unchanged at 3.35% & 6.75% respectively.
- The Bank Rate is kept unchanged at 6.25%.
- RBI projects that inflation is expected to average 5.4% in the fiscal year 2023-24.
1
Only 1
2
Only 3
3
Both 1 and 2
4
Both 2 and 4
5
All of 1,2,3 and 4