NEWS
Key RBI Credit Policy Highlights
The RBI announced its bi-monthly monetary policy today. Here are the highlights, including on inflation and GDP forecast.
The RBI announced its bi-monthly monetary policy today. Here are the highlights, including on inflation and GDP forecast.
. RBI MPC maintains status quo on rates unanimously at 4%
. RBI MPC votes unanimously for Accommodative stance, going to be less accommodative ahead
. RBI MPC committee ups reverse repo rate by 40bps at 3.75% to ensure liquidity
. RBI to restore liquidity adjustment facility (LAF) corridor to 50bps, as it was in pre-Covid
. MSF Rate and Bank Rate remain unchanged at 4.25%
. Real GDP for FY23 revised at 7.2% from 7.8% earlier
. Inflation revised upwards at 5.7% for FY23 from 4.5%
. A newly introduced Standing Deposit Facility will mark the floor
. The policy corridor restored to the pre-pandemic level