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

  • India and Tanzania expanded defence cooperation at the 4th JDCC meeting in Zanzibar, adding new focus on cyber, AI and air force collaboration.

    Read More....

  • Divakar Jayant assumed charge as Director General of Naval Armament, bringing over 33 years of defence service experience.

    Read More....

  • Assam sanctioned ₹50 crore to restore Koch dynasty heritage and promote cultural tourism.

    Read More....

  • India and Kyrgyzstan launched the 13th KHANJAR joint Special Forces exercise in Misamari.

    Read More....

  • IHMCL signed a pact with NFSU to strengthen cyber security in digital highway systems.

    Read More....

  • Indian climber Kabak Yano scaled Mount Aconcagua, advancing her Seven Summits mission.

    Read More....

  • The 6th Badminton Asia Team Championships started in Qingdao with India competing in both events.

    Read More....

  • Moltbook emerged as a global experiment where AI agents interact without human input.

    Read More....

  • Kerala introduced NeophyteID, an AI app for citizen-led tracking of invasive plant species.

    Read More....

  • RBI approved Vinay Tonse as YES Bank’s new MD & CEO for a three-year term.

    Read More....

2026 © and Powered By Graposs Edutech Private Limited

Terms & Condition Privacy Policy Disclaimer