News & Events
Perspective : RBI’s Monetary Policy Review
- February 13, 2023
- Posted by: Maya
- Category: Editorial RSTV/Videos
In this episode of the Perspective Prog. Based on ‘RBI’s Monetary Policy Review’. The Reserve Bank of India has hiked the repo rate by another 25 basis points, taking it to 6.5%. Announcing the bi-monthly monetary policy on Wednesday, RBI Governor Shaktikanta Das said the Monetary Policy Committee, by a majority, decided to raise the policy repo rate by 25 basis points. This is the sixth time interest rate has been hiked by the Reserve Bank of India since May last year, taking the total quantum of hike to 250 basis points. The central bank also projected India’s economic growth at 6.4% for 2023-24, broadly in line with the estimate of the Economic Survey tabled in Parliament last week. The Economic Survey 2022-23 projected a baseline GDP growth of 6.5 per cent in real terms for the next fiscal. We’ll decode the main points of the monetary policy review presented by the Reserve Bank of India.