RBI increases repo rate by 25 basis points to 6.50%, revises SDF & MSF rate
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- Last Updated on 9 February, 2023
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Press Release: 2022-2023/1680, Dated 08.02.2023
On the basis of an assessment of the current and evolving macroeconomic situation, the RBI’s Monetary Policy Committee at its meeting decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.50 % with an immediate effect.
Consequently, the standing deposit facility (SDF) rate stands adjusted to 6.25 % and the marginal standing facility (MSF) rate and the Bank Rate to 6.75 %. These decisions are in line with the objective of achieving the medium-term target for CPI inflation of 4 % with a band of +/-2 per cent, while supporting growth.
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