At what level did the Monetary Policy Committee of the RBI set the repo rate during its bimonthly meeting in June 2023?.
6. 50%.
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The repo rate was held at 6.50 percent for a second consecutive monetary policy by the Reserve Bank of India's Monetary Policy Committee at its meeting in June 2023. Since inflation continues to exceed the 4% target, the six members of the Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged.
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