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RBI Monetary Policy - Feb 2023

RBI increases the Repo Rate by 25 bps to 6.50 per cent
08 February 2023
    Local Market Commentary
    Download the full reportPDF, 371.88KB

    RBI Monetary Policy - Feb 2023

    Key Highlights

    • The MPC decided by a majority of 4 out of 6 members to increase the policy Repo Rate by 25 bps to 6.50 per cent
    • Consequently, the Standing Deposit Facility (SDF) rate was adjusted to 6.25 per cent and the Marginal Standing Facility (MSF) rate and Bank Rate were adjusted to 6.75 per cent
    • The MPC also decided by a majority of 4 out of 6 members to remain focused on the withdrawal of accommodation to ensure that inflation remained within the target going forward while supporting growth

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