Category : Business and economicsPublished on: February 12 2022
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The repo rate has been kept unchanged by the Reserve Bank of India in the sixth and last Monetary Policy Committee (MPC) meeting.
Reserve Bank of India has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 percent. 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 7.8 percent.
