{"id":107770,"date":"2022-05-06T12:21:51","date_gmt":"2022-05-06T06:51:51","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=107770"},"modified":"2022-09-05T11:06:53","modified_gmt":"2022-09-05T05:36:53","slug":"rbi-raises-repo-rate-by-40-basis-points-to-4-40","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/rbi-raises-repo-rate-by-40-basis-points-to-4-40\/","title":{"rendered":"RBI raises repo rate by 40 basis points to 4.40%"},"content":{"rendered":"\n<p>The Reserve Bank of India (RBI) has&nbsp;raised the Repo rate by 40 basis points to 4.40%&nbsp;and the&nbsp;cash reserve ratio (CRR) by 50 basis points to 4.50%.<\/p>\n\n\n\n<p>Aim: To&nbsp;bring down the raised inflation&nbsp;to the desired level and&nbsp;tackle the impact of geopolitical tensions.<\/p>\n\n\n\n<p>Deposit rates and&nbsp;EMI on loans&nbsp;are likely to&nbsp;increase. The hike in&nbsp;CRR by 50 bps will suck out Rs 87,000 crore from the banking system. Consumer Price Index&nbsp;inflation stood at&nbsp;6.95% in March 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India (RBI) has&nbsp;raised the Repo rate by 40 basis points to 4.40%&nbsp;and the&nbsp;cash reserve ratio (CRR) by 50 basis points to 4.50%. Aim: To&nbsp;bring down the raised inflation&nbsp;to the desired level and&nbsp;tackle the impact of geopolitical tensions. Deposit rates and&nbsp;EMI on loans&nbsp;are likely to&nbsp;increase. The hike in&nbsp;CRR by 50 bps will [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":107771,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4047],"tags":[74,1095,64],"class_list":["post-107770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-may-2022","tag-bank-current-affairs","tag-rbi","tag-reserve-bank-of-india-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/107770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=107770"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/107770\/revisions"}],"predecessor-version":[{"id":107772,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/107770\/revisions\/107772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/107771"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=107770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=107770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=107770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}