LIVE: RBI Monetary Policy Review - MPC Meeting Outcome ANNOUNCED | 50 bps Repo Rate Hiked - TOP THINGS TO KNOW
LIVE: RBI MPC Meeting August 2022: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate by 50 basis points to 5.4 per cent. Announcing the decision of the Monetary Policy Committee (MPC) during its three-day meeting, Das said it has been decided to increase the policy rate by 50bps to 5.4 per cent with immediate effect. He also said the domestic economy is showing signs of broadening. The Reserve Bank of India's rate-setting panel on Wednesday began its three-day deliberations on the next bi-monthly monetary policy amid expectations of at least a 35-basis-point hike in the interest rate to check high retail inflation. Both the central bank and the government have been taking steps to contain inflation which is ruling above thye RBI's comfort level of 6 per cent since January this year. Here are all LIVE UPDATES:-
WATCH FULL VIDEO: RBI MPC Monetary Policy Review Announcement by Governor Shaktikanta Das
LIVE: RBI MPC Meeting August 2022: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate by 50 basis points to 5.4 per cent. Announcing the decision of the Monetary Policy Committee (MPC) during its three-day meeting, Das said it has been decided to increase the policy rate by 50bps to 5.4 per cent with immediate effect. He also said the domestic economy is showing signs of broadening. The Reserve Bank of India's rate-setting panel on Wednesday began its three-day deliberations on the next bi-monthly monetary policy amid expectations of at least a 35-basis-point hike in the interest rate to check high retail inflation. Both the central bank and the government have been taking steps to contain inflation which is ruling above thye RBI's comfort level of 6 per cent since January this year. Here are all LIVE UPDATES:-
WATCH FULL VIDEO: RBI MPC Monetary Policy Review Announcement by Governor Shaktikanta Das
Latest Updates
Inflation projection for FY23 retained at 6.7 pc on assumption of normal monsoon and crude oil at USD 105/barrel, says RBI Guv.
Rise in term deposit rates should increase liquidity for financial sector: Das.
Surplus liquidity in the banking system has come down to Rs 3.8 lakh crore, from Rs 6.7 lakh crore in April-May: Das.
Rupee has moved in orderly fashion, depreciating 4.7 pc till Aug 4; RBI remains watchful of INR movement: Das.
FPIs after remaining in exit mode in first quarter have turned positive in July, says RBI Governor.
Decline in rupee is more due to appreciation of USD than on account of weakness in Indian economy: Das.
FDI inflows improved to USD 13.6 bn in Q1 this fiscal, against USD 11.6 bn in corresponding period last year: Das.
India's forex reserves remain fourth largest globally, says RBI Guv.
Rupee has moved in orderly fashion, depreciating 4.7 pc till Aug 4; RBI remains watchful of INR movement: Das.
FPIs after remaining in exit mode in first quarter have turned positive in July, says RBI Governor.
Rise in term deposit rates should increase liquidity for financial sector: Das.
Surplus liquidity in the banking system has come down to Rs 3.8 lakh crore, from Rs 6.7 lakh crore in April-May: Das.
Inflation projection for FY23 retained at 6.7 pc on assumption of normal monsoon and crude oil at USD 105/barrel, says RBI Guv.
Edible oil prices likely to soften further, says RBI Guv.
Indian economy faces headwinds from global factors like geo-political risks: RBI Guv.