The correct answer is D. RBI.
The Reserve Bank of India (RBI) is the central bank of India. It was established on April 1, 1935, in accordance with the Reserve Bank of India Act, 1934. The RBI is the banker to the government of India and the banker’s bank. It is also the issuer of the Indian rupee.
The RBI’s main objectives are to maintain price stability, promote economic growth, and ensure financial stability. The RBI does this by conducting monetary policy, regulating banks and other financial institutions, and managing the country’s foreign exchange reserves.
The repo rate is the interest rate at which the RBI lends money to commercial banks. The repo rate is one of the tools that the RBI uses to conduct monetary policy. When the RBI wants to stimulate the economy, it lowers the repo rate. This makes it cheaper for banks to borrow money from the RBI, which they can then lend to businesses and consumers. When the RBI wants to slow down the economy, it raises the repo rate. This makes it more expensive for banks to borrow money from the RBI, which they pass on to businesses and consumers in the form of higher interest rates.
The other options are incorrect because they are not responsible for setting the repo rate. SEBI is the Securities and Exchange Board of India. It is the regulator of the Indian securities market. IMF is the International Monetary Fund. It is an international financial institution that provides loans to countries in financial difficulty. AMFI is the Association of Mutual Funds in India. It is the self-regulatory organization for the mutual fund industry in India.