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Tags: Economy/Finance
The Reserve Bank of India (RBI) governor Shaktikanta Das has announced on 4 May 2022 that the monetary policy committee (MPC) has decided to increase the policy repo rate by 40 basis points (0.40%) on rising inflation concern.
The governor said that the April inflation index indicates high food inflation conditions in India and this is likely to continue in the near future.
Steps announced by RBI
Policy Rates
Reserve Ratios
Other Important points of RBI announcement
Note: 100 basis points (bps) is equal to 1%
For Monetary Policy Committee kindly see 3 May 2022 post
Also see 8 April 2022 post
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