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%.

ONGC will invest ₹4,600 crore in Andhra Pradesh’s KG Basin for drilling, offshore platforms, pipeline, and gas processing.
Read More....
India’s defence production reached a record ₹1.51 lakh crore in FY 2024-25, up 18% from last year.
Read More....
China and Hong Kong won the Asia Rugby U-20 Sevens titles, while India’s women claimed bronze in Bihar.
Read More....
DPIIT signed an MoU with Zepto to support manufacturing startups under the Zepto Nova Innovation Challenge.
Read More....
Indian Navy will commission stealth frigates INS Udaygiri and INS Himgiri together for the first time on 26 August 2025.
Read More....
Lok Sabha passed the revised Income Tax Bill 2025, expanding officials’ powers for search operations.
Read More....
Kerala’s KSFE became the first miscellaneous NBFC in India to cross ₹1 lakh crore turnover.
Read More....
WHO confirmed Kenya has eliminated sleeping sickness as a public health problem.
Read More....
Aadhaar Face Authentication transactions doubled from 100 crore to 200 crore in just six months.
Read More....
Tata’s Nelco and France’s Eutelsat will provide OneWeb satellite internet services in India.
Read More....

Reserve Bank of India raises repo rate by 35 basis points