Question
As per the meeting of the Monetary Policy Committee in
Dec 2022, the Repo Rate is hiked by how many basis points?Solution
The next meeting of the MPC is scheduled during February 6-8, 2023. Repo Rate hiked by 35 basis points to 6.25 per cent. RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% The RBI Monetary Policy Committee (MPC) has hiked the repo rate by 35 basis points.The Standing Deposit Facility and Marginal Standing Facility have also been increased by 35 bps.So far, in 2022, the MPC has raised the repo rate by 225 basis points.RBI will remain focused on withdrawal of accommodation after this revision too.The rates after revision are as follows- CategoriesĀ - Current Rates Repo Rate - 6.25 % Standing Deposit Facility (SDF) - 6.0 % Marginal Standing Facility Rate - 6.5 % Bank Rate - 6.15% Fixed Reverse Repo Rate - 3.35% CRR - 4.50% SLR - 18.00%
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