Photo: The Economic Times
RBI Increases Repo Rate By 50 Bps To Tame Inflation; Now Stands At 4.9%
RBI has announced to increase the policy repo rate by 50 basis points, to 4.9%, to tame the rising inflation in the country. Notably, this is the second hike in five weeks. The decision has been taken during RBI's three-day Monetary Policy Committee (MPC) meeting. Furthermore, the Standing Deposit Facility (SDF) rate stands at 4.65%, and Marginal Standing Facility (MSF) rate at 5.15%.
Tags: RBI, repo rate, SDF, MPC, MSF
Courtesy: ANI
Photo: Business Standard
Repo Rate To Remain Unchanged: RBI Governor Shaktikanta Das
Reserve Bank of India (RBI) Governor Shaktikanta Das, on December 8, announced that the repo rate will remain unchanged. "Consequently, the policy repo rate remains unchanged at 4% and the stance remains accommodative as long as necessary to revive and sustain growth on a durable basis" said Das. Furthermore, the marginal standing facility (MSF) rate and reverse repo rate at 4.25% and 3.35%, respectively, also remained unchanged.
Tags: RBI, RBI GOVERNOR, MSF, repo rate, Bank
Courtesy: The Hindu
