Sunday, December 4, 2022
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RBI hikes interest rates again, Governor Shaktikanta Das said these 10 big things

RBI Monetary Policy: While announcing the bi-monthly monetary policy, Reserve Bank of India Governor Shaktikanta Das said that the global economy has been affected due to the Kovid-19 epidemic and the Russo-Ukraine war and India is also no exception. The inflation rate is still above the comfort zone 2-6 percent set by the RBI. Rupee reaches record low against dollar. in such a situation RBI The decisions taken by the Monetary Policy Committee were announced by Shaktikanta Das. Come, know 10 big things about monetary policy.

    1. RBI has increased the repo rate by 50 basis points, increasing it from 5.40 percent to 5.90 percent. In 5 months so far, the repo rate has increased by 1.90 percent.

 

    1. In view of the rising inflation around the world, the fear of economic slowdown is increasing but India’s economic condition is better. RBI has retained the Consumer Price Index (CPI) Inflation forecast for the financial year 2023 at 6.7 percent.

 

    1. The forecast for real GDP growth for the financial year 2023 has been reduced from 7.2 percent to 7 percent.

 

    1. On the devaluation of the rupee, RBI Governor Shaktikanta Das said that till September 28 this year, the rupee has depreciated by 7.4 percent against the dollar. RBI has not fixed any specific exchange rate for the rupee. RBI intervenes in the event of high volatility of the rupee and strengthens the foreign exchange reserves of the central bank.

 

    1. Margin Standing Facility (MSF) and Bank Rate have been increased from 5.65 per cent to 6.15 per cent.

 

    1. The guidelines for online payment aggregators will also be available for offline payment aggregators.

 

    1. Foreign direct investment stood at $18.9 billion in the April-July period as against $13.1 billion in the same period last year.

 

    1. RBI Governor Shaktikanta Das said that bank loans have grown at a fast pace of 16.2 percent.

 

    1. Das said that if the recent softening of crude oil prices in the global market continues, then there can be relief on the inflation front.

 

    1. Rural demand is increasing gradually, investment demand is also increasing and agriculture sector is also stable.

 

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