RBI keeps Repo Rate unchanged at 4.0 percent; GDP growth for 2022-23- 7.2 percent

The Reserve Bank of India conducted its first Monetary Policy Committee (MPC) meeting for 2022-23 between April 6- 8, 2022. 

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (April 8, 2022) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent.

Various rates are as under: 

  • Policy Repo Rate : 4.00%
  • Reverse Repo Rate : 3.35%
  • Marginal Standing Facility Rate : 4.25%
  • Bank Rate : 4.25%
  • CRR : 4.00%
  • SLR : 18.00%

The MPC decided to continue with the accommodative stance. RBI has projected the real GDP growth for 2022-23 at 7.2 per cent. The next meeting of the MPC is scheduled during June 6-8, 2022.

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