On October 8, 1991, the Reserve Bank of India increased the bank rate from 11% to -

Explanation

For that period, option (b) was the correct answer. In the monetary policy statement issued in December 2025, Bank Rate—5.50%, MSF Rate—5.50%, Repo Rate—5.25%, Standing Deposit Facility (SDF) Rate—5.00%, Reverse Repo Rate—3.35%, Cash Reserve Ratio (CRR)—3.0%, and Statutory Liquidity Ratio (SLR)—18%.