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 became the largest supplier of cotton products to the United States in 2025, surpassing China for the first time in recent years.

    Read More....

  • Scientists from the Zoological Survey of India discovered two new lichen moth species named Caulocera hollowayi and Asura buxa in the Eastern Himalayas.

    Read More....

  • The world’s first Autonomous Maritime Shipbuilding and Systems Centre was established in Nellore to develop advanced unmanned maritime technologies.

    Read More....

  • Assam exported its GI-tagged Joha rice to the United Kingdom and Italy for the first time.

    Read More....

  • Scientists discovered a new pterosaur species named Bakiribu waridza from a 100-million-year-old fossilised dinosaur vomit in Araripe Basin.

    Read More....

  • Meta acquired the experimental AI social networking platform Moltbook as part of the global AI talent race.

    Read More....

  • The Delhi Cantonment Board launched the SMART digital governance platform to improve sanitation monitoring and civic services.

    Read More....

  • NITI Aayog released the second edition of the Fiscal Health Index 2026 to assess the fiscal performance of Indian states.

    Read More....

  • Razorpay launched the AI-powered payment platform Agent Studio built on Claude AI technology.

    Read More....

  • The WHO Foundation and Novo Nordisk partnered to address childhood obesity in India through school-based health programmes.

    Read More....