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.