{"id":88331,"date":"2022-02-11T06:25:36","date_gmt":"2022-02-11T06:25:36","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=88331"},"modified":"2022-09-16T12:06:34","modified_gmt":"2022-09-16T06:36:34","slug":"rbi-keeps-repo-rate-unchanged-at-4-0-percent-gdp-growth-for-2022-23-7-8-percent","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/rbi-keeps-repo-rate-unchanged-at-4-0-percent-gdp-growth-for-2022-23-7-8-percent\/","title":{"rendered":"RBI keeps Repo Rate unchanged at 4.0 percent; GDP growth for 2022-23- 7.8 percent."},"content":{"rendered":"\n<p><strong>Reserve Bank of India<\/strong> conducted the&nbsp;<strong>6th and the last Monetary Policy Committee (MPC) meeting for 2021-22<\/strong>&nbsp;between February 8-10, 2022.&nbsp;Reserve Bank of India has kept the&nbsp;<strong>policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 percent<\/strong>.&nbsp;The central bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting the interest rate to a historic low.<\/p>\n\n\n\n<p><strong>Various rates are as under:&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Policy Repo Rate : 4.00%<\/li><li>Reverse Repo Rate : 3.35%<\/li><li>Marginal Standing Facility Rate : 4.25%<\/li><li>Bank Rate : 4.25%<\/li><li>CRR : 4.00%<\/li><li>SLR : 18.00%<\/li><\/ul>\n\n\n\n<p>The MPC decided to continue with the&nbsp;<strong>accommodative stance.<\/strong> RBI has projected the real GDP growth for 2022-23 at 7.8 per cent. For the current fiscal year, RBI projected real GDP growth of 9.2 per cent and expects that it will take the economy above the pre-pandemic level. For the current fiscal year, RBI retained its retail inflation projection at 5.3 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reserve Bank of India conducted the&nbsp;6th and the last Monetary Policy Committee (MPC) meeting for 2021-22&nbsp;between February 8-10, 2022.&nbsp;Reserve Bank of India has kept the&nbsp;policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 percent.&nbsp;The central bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to perk [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":88334,"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 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