Latest Banking jobs   »   RBI Monetary Policy Rates

RBI Monetary Policy Rates

RBI Monetary Policy Rates Changes: The Monetary Policy Committee (on 4th May 2022) decided unanimously to remain accommodative while focusing on withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth. In line with that-

  • There is an increase in the policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points to 4.40 percent with immediate effect.
  • The standing deposit facility (SDF) rate stands adjusted to 4.15 percent and the marginal standing facility (MSF) rate and the Bank Rate to 4.65 percent.

These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 % within a band of +/- 2% while supporting growth.

Monetary Policy Rates as on date 5th May 2022

Monetary Policy Rates as on 5th May 2022
CRR 4.50% (0.50% increase)
SLR 18%
Repo rate 4.40% (0.40% increase)
Reverse repo rate 3.35%
Standing deposit facility (SDF) 4.15%
Marginal standing facility (MSF) 4.65%
Bank rate 4.65%

NOTE: CRR increase by 50 basis points means a 0.5 % increase similarly Repo rate increase by 40 basis points means a 0.4 % increase.

RBI Monetary Policy Rates Check In Hindi

 

Current members of Monetary Policy Committee:

  1. Shaktikanta Das (Governor of RBI) 
  2. Dr. Michael Debabrata Patra (Deputy Governor of RBI),
  3. Dr. Mridul K. Saggar (Executive Director of RBI)
  4. Prof. Jayanth R. Varma (IIM Ahemdabad)
  5. Dr. Ashima Goyal  (Indira Gandhi Institute of Development Research, Mumbai)
  6. Dr. Shashanka Bhide senior advisor at the New Delhi-based think tank National Council for Applied Economic Research

GK Questions for All Competitive Exams

Latest Notifications:

India Post GDS Recruitment 2022 DNS Bank Recruitment 2022
Bank of India Recruitment 2022 Punjab National Bank SO Recruitment 2022
Canara Bank Recruitment 2022 National Cooperative Bank Recruitment 2022

Upcoming Notifications:

SBI Clerk Notification 2022 LIC Assistant Notification 2022

Congratulations!

Download Hindu Review of October 2021: Free PDF

Download your free content now!

We have already received your details.

Please click download to receive Adda247's premium content on your email ID

Incorrect details? Fill the form again here

Download Hindu Review of October 2021: Free PDF

Thank You, Your details have been submitted we will get back to you.
Was this page helpful?

Leave a comment

Your email address will not be published. Required fields are marked *