CURRENT AFFAIRS

Detailed explanation-1: -On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (September 30, 2022) decided to: Increase the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 5.90 per cent with immediate effect.

Detailed explanation-2: -Here’s what the Indian central bank chief announced. RBI Monetary Policy Committee Meeting December 2022: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect, RBI Governor Shaktikanta Das announced.

Detailed explanation-3: -Accordingly, the MPC decided to increase the policy repo rate by 25 basis points to 6.50 per cent.

Detailed explanation-4: -RBI Repo Rate Hike: The Reserve Bank of India (RBI) recently hiked the repo rate by 35 bps, the fifth such increase in 2022. The repo rate currently stands at 6.25 per cent.

Detailed explanation-5: -Indian Economy projected to grow at 6.8% in 2022-23: RBI. The central bank of the 5th largest economy of the world has decided to increase the policy repo rate by 35 basis points to 6.25%.