RBI increases policy repo rate by 50 bps to 4.90 pc | Business

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Jun 08, 2022, 12:55PM ISTSource: YEARS

The Monetary Policy Committee of the Reserve Bank of India increased the policy repo rate by 50 bps to 4.90 per cent, informed RBI Governor Shaktikanta Das on June 08. “The MPC voted unanimously to increase the policy repo rate by 50 bps to 4.90 per cent,” informed RBI Governor Shaktikanta Das. “Consequently, the standing deposit facility – the SDF rate – stands adjusted to 4.65 per cent and the marginal standing facility – MSF rate and bank rate – to 5.15 per cent,” he added.





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