RBI Monetary Policy Live Updates: RBI MPC August 2022 Live Announcements, RBI Repo Rate Latest Updates


RBI Monetary Policy meeting LIVE updates: The Reserve Bank of India Monetary Policy Committee hiked repo rate by 50 bps taking it to pre COVID pandemic levels. The repo rate now stands to 5.40 per cent, highest level since August 2019. This is the third consecutive hike in the repo rate in the last three months. RBI Guv Shaktikanta Das said that consumer price inflation has eased, but remains higher than comfort levels. The real GDP growth projection has also been retained at 7.2 per cent for 2022-23. Moreover, RBI policy stance has been retained at ‘Withdrawal of Accommodation’. “Volatility in global financial markets is impinging upon domestic financial markets leading to imported inflation,” Das added.

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RBI Monetary Policy August 2022 Live Announcements: RBI MPC likely to hike repo rate by 35-50 bps; may withdraw accommodative stance