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Tags: Economy/Finance
The Reserve Bank of India (RBI) governor Shaktikanta Das has announced on 5 August 2022 that the Monetary policy committee (MPC) has decided to increase the policy repo rate by 50 basis points (0.50%). It is the third such increase by the RBI to curb soaring inflation in the country. Earlier on 8 June 2022 it increased Repo rate by 0.5%.
Every two months RBI review its annual monetary policy.
Inflation control a priority
Steps announced by RBI.
Policy Rates
Policy Repo Rate
Reverse Repo Rate
Standing Deposit Facility (SDF)
Marginal Standing Facility (MSF)
Bank Rate
Reserve Ratios
Cash Reserve Ratio (CRR)
Statutory Liquidity Ratio (SLR)
GDP growth forecast for 2022-23
RBI expects the real GDP growth for 2022-23 to be 7.2 %
The quarter wise expected growth rate for 2022-23
Note: 100 basis points (bps) is equal to 1%
What is Monetary Policy Committee
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