Daily Current Affairs 2026, Date wise Current Affairs | Current Affairs in English and Hindi

Get the Daily and Latest Current Affairs 2026 on our website. These current affairs are Updated by our specialists and are relevant for all competitive tests UPSC, SSC, IAS, Railway-RRB, UPPSC, and Other State Government and Central Jobs/Exams.

RBI hikes Repo Rate by 40 bps to 4.40 percent

Category : Business and economics
Published on: May 06 2022 Share on facebook

  • The Reserve Bank of India (RBI) announced an increase in key interest rates by 40 basis points, the first increase since August 2018 and the sharpest in nearly 11 years.
  • RBI Governor Shaktikanta Das said the decision was taken in view of rising inflation, geopolitical tensions, high crude oil prices and shortage of commodities globally, which have impacted the Indian economy.
  • The Reserve Bank of India (RBI) in its Monetary Policy Committee (MPC) meeting held between May 2-4, 2022 has decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points (bps) to 4.40 per cent with immediate effect from 4.00% earlier. 
  • RBI has also hiked the cash reserve ratio (CRR) by 50 basis points to 4.50 per cent effective from May 21, 2022.
Recent Post's

  • The Ministry of Ayush will organise the National Arogya Fair 2026 in Shegaon, Maharashtra, providing free consultations, check-ups, and medicines under traditional healthcare systems.

    Read More....

  • The NGT has directed Uttar Pradesh to restore Suav’s classification from a drain to a river, amend records, and monitor floodplains and water quality.

    Read More....

  • Goa will host the 4th World Ocean Science Congress 2026, focusing on ocean health, climate resilience, and the blue economy.

    Read More....

  • India has launched “Prahaar,” its first comprehensive counter-terrorism policy addressing cross-border, cyber, and emerging technology threats.

    Read More....

  • Netherlands will swear in 38-year-old Rob Jetten as its youngest and first openly gay prime minister.

    Read More....

  • India will observe Central Excise Day 2026 on 24 February to honour the enactment of the Central Excise Act, 1944.

    Read More....

  • The statue of Edwin Lutyens at Rashtrapati Bhavan will be replaced with that of C. Rajagopalachari.

    Read More....

  • Punjab has launched the ‘Meri Rasoi’ scheme to provide free food kits to nearly 40 lakh economically weaker families.

    Read More....

  • PhonePe introduces AI-powered natural language search for voice- and text-based transactions, enhancing convenience and personalization.

    Read More....

  • Switzerland will host the AI Summit 2027 in Geneva, providing a neutral hub for global AI discussions and cooperation.

    Read More....