Daily Current Affairs 2022, Monthly/Weekly Current Affairs | One liner current affairs in hindi

Get the Daily and Latest Current Affairs 2022 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

  • Union Minister Anurag Thakur inaugurates India's first Drone Skilling & Training Conference and Drone Yatra in Chennai

    Read More....

  • Hrishikesh Kanitkar appointed batting coach of Indian women's cricket team: BCCI

    Read More....

  • Fiji to host World Hindi Conference for first time in 2023

    Read More....

  • Eminent economist and Planning Commission member Yoginder K Alagh passes away at the age of 86

    Read More....

  • World Bank raised India's GDP growth forecast for FY 2022-23 from 6.5% to 6.9%

    Read More....

  • Cyclone 'Mandas' likely to form over Bay of Bengal: IMD

    Read More....

  • Adani Green commissions third hybrid plant in Rajasthan, becomes "world's largest wind-solar hybrid power company"

    Read More....

  • Cristiano Ronaldo to play for Saudi Arabian club Al-Nasr after Manchester United break ties

    Read More....

  • Shafali Verma to lead India in women's U-19 World Cup and SA U-19 bilateral tour

    Read More....

  • IIT Madras Researchers develop ‘Sindhuja’ which generates Electricity from Sea Waves

    Read More....

2022 © and Powered By Graposs Edutech Private Limited

Terms & Condition Privacy Policy Disclaimer