RBI hikes Repo Rate by 50 bps to 5.40% in Monetary Policy Committee (MPC) Meet

The Reserve Bank of India (RBI) has decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 5.40 per cent with immediate effect. the decision was taken in its Monetary Policy Committee (MPC) meeting which was held on August 05, 2022.

• Prior to this, RBI Repo Rate was 4.90 per cent.
• it aims to achieve the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent.

RBI Rate

• Policy Repo Rate : 5.40%
• Standing Deposit Facility (SDF)= 5.15%
• Marginal Standing Facility Rate : 5.65%
• Bank Rate : 5.65%
• CRR : 4.50%
• SLR : 18.00%

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