RBI April Monetary Policy: The Reserve Bank of India’s Monetary Policy Committee on April 8, 2022, voted to keep the benchmark repo and reverse repo rates unchanged for the straight 11th time in a row. The Governor of the Reserve Bank of India Shakitkanta Das stated in his Monetary Policy Statement that the Committee has voted unanimously to leave the repo rates unchanged at 4 percent. The Monetary Policy Committee has also voted unanimously to keep the stance accommodative.

The repo rate is the rate of interest at which the Reserve Bank of India lends short-term funds to the banks. On the other hand, the reverse repo rate will remain unchanged at 3.35 percent. The Reverse Repo rate is the interest rate at which the RBI borrows from banks. 

The RBI Governor further informed that the Marginal Standing Facility (MSF) rate and the Bank rate have remained unchanged at 4.25 percent.  

See also  WBPSC ICDS Supervisor Interview 2022 (Postponed) at wbpsc.gov.in, Check Revised Date Here

During the briefing on RBI Monetary Policy 2022, the Governor of the Reserve Bank of India stated that the world is confronted with new and humongous challenges such as shortage in key commodities, fear of de-globalization, and fractures in international financial structure. 

Das further added that the global economy is witnessing tectonic shifts with the commencement of the war in Europe, followed by extended sanctions and escalating geopolitical tensions. 

While the Coronavirus pandemic morphed into a health crisis, conflict in Europe has the potential to derail the global economy. He added that India’s approach needs to be cautious and proactive. 



See also  MBOSE SSLC Result & HSSLC Arts Result 2023 to be released shortly @megresults.nic.in

Source link

Leave a Reply

Your email address will not be published.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