Reserve Bank of India raises repo rate by 35 basis points

Reserve Bank of India raises repo rate by 35 basis points

Daily Current Affairs   /   Reserve Bank of India raises repo rate by 35 basis points

Change Language English Hindi

Category : Business and economics Published on: December 09 2022

Share on facebook
  • The Reserve Bank of India (RBI) hiked the policy repo rate – for a fifth consecutive time – by 35 basis points to 6.25 %. 
  • The key interest rate has been hiked a total of 190 basis points – by 50 basis points thrice since June, and once  by 40 basis points – during an off-cycle meet in May.
  • The RBI policy rate is now at its highest level since August 2018.
  • In addition, the RBI has maintained a FY23 Consumer Price Index (CPI) inflation forecast at 6.7%.
  • The central bank also lowered India’s Gross Domestic Product projection to 6.8% for 2022-’23 from its earlier estimate of 7%.
Recent Post's
  • Union Home Minister Shri Amit Shah will launch the BHARATPOL portal developed by CBI on January 07, 2025, in New Delhi.

    Read More....
  • India's rising squash star Anahat Singh won the U-17 title at the British Junior Open in Birmingham on 06 January 2025 by defeating Malika El Caracsi of Egypt.

    Read More....
  • Union Minister Giriraj Singh inaugurates the new permanent campus of IIHT in Phulia.

    Read More....
  • The central government has appointed 8 IPS officers from the Uttarakhand cadre to key positions for 2024-25, including Neeru Garg as the Director General of the Bureau of Police Research and Development (BPR&D).

    Read More....
  • Odisha Chief Minister Mohan Charan Majhi inaugurated the annual 'Adivasi Mela' and launched the 'Shaheed Madho Singh Haath Kharcha Yojana' aimed at addressing the problem of dropouts of tribal students.

    Read More....
  • At the 2025 Golden Globe Awards, films and shows like 'Emilia Pérez,' 'The Brutalist,' 'Shogun,' 'Hack,' and 'Baby Reindeer' won major awards in categories such as Best Motion Picture - Drama, Best Director, and Best Actor.

    Read More....
  • Justin Trudeau has announced his resignation as the Prime Minister of Canada.

    Read More....
  • Sumariwalla's reign as AFI chief to end, former shot putter Bahadur Sagoo to replace him.

    Read More....
  • Union Industries Minister H.D. Kumaraswamy launches PLI Scheme 1.1 for special steel.

    Read More....
  • R. Chidambaram, the doyen of India’s nuclear programme, passes away at the age of 88.

    Read More....