CURRENT AFFAIRS

Detailed explanation-1: -Here are the key takeaways of Reserve Bank of India Governor Shaktikanta Das’ speech: The MPC has kept the repo rate unchanged at 4 percent while increasing the reverse repo rate to 3.75 percent from 3.35 percent earlier.

Detailed explanation-2: -RBI Monetary Policy 2023 Highlights: Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday made the central bank’s first Monetary Policy statement of the year. Das is announced the decisions taken by the RBI’s Monetary Policy Committee (MPC), which met for three days starting February 6.

Detailed explanation-3: -On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 7, 2022) decided to: • Increase the policy repo rate under the liquidity adjustment facility (LAF) by 35 basis points to 6.25 per cent with immediate effect.