Direct: MPC RBI Meeting August 2022: Reserve Bank of India (RBI) Governor of Shacticanta Das on Friday announced an increase in the policy level of 50 basis points to 5.4 percent.
Announced the decision of the Monetary Policy Committee (MPC) during the three -day meeting, DAS said it had been decided to increase the policy level by 50bps to 5.4 percent with direct effects.
He also said the domestic economy showed signs of expansion. The Panel Determination of the Bank of India Reserve Tariff on Wednesday began consideration of three days
in the next two-monthly monetary policy amid expectations of at least 35-Basis points increase in interest rates to examine high retail inflation.
Both the central bank and the government have taken steps to hold the ruling inflation above the 6 percent RBI comfort level since January this year. Here are all direct updates:-
