The Reserve Bank of India pulled a A) statistics B) surprise on the markets on Friday by keeping its benchmark interest rate unchanged at 6.5%. The decision to stand pat comes even as the central bank A) changed B) categorized its policy stance from “neutral” to “calibrated tightening”, indicating that rates could either go up or stay steady in the coming months. The A) consensus B) determination on the street was that the RBI would raise rates by at least 25 basis points to support the rupee, with some even predicting a hike of 50 basis points. Not surprisingly, the rupee A) rectified B) weakened past the 74-mark to the U.S. dollar for the first time ever after the news of the RBI holding rates steady hit the markets. Stocks, which have been on a downtrend since September, also took a hit on Friday while bond yields A) departed B) fell.

The Reserve Bank of India pulled a A) statistics B) surprise on the ma

1.	The Reserve Bank of India pulled a A) statistics B) surprise on the markets on Friday by keeping its benchmark interest rate unchanged at 6.5%. The decision to stand pat comes even as the central bank A) changed B) categorized its policy stance from “neutral” to “calibrated tightening”, indicating that rates could either go up or stay steady in the coming months. The A) consensus B) determination on the street was that the RBI would raise rates by at least 25 basis points to support the rupee, with some even predicting a hike of 50 basis points. Not surprisingly, the rupee A) rectified B) weakened past the 74-mark to the U.S. dollar for the first time ever after the news of the RBI holding rates steady hit the markets. Stocks, which have been on a downtrend since September, also took a hit on Friday while bond yields A) departed B) fell.
A.	BBBAA
B.	BAAAA
C.	BABAA
D.	BAABB
E.	ABABA
Answer» E. ABABA

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