Let's know what decision was taken by RBI about interest rate

 

                                                      https://www.stocksimplify.com/ 

Reserve Bank did not change interest rates, repo rate remains at 4%, real GDP growth expected to be 7.8% in FY23

RBI has announced its new credit policy today on 10 February 2022. The Central Bank did not make any changes in the interest rates. RBI has retained the repo rate at 4%. At the same time, the reverse repo rate will also remain at 3.35%. RBI Governor Shaktikanta Das said that the committee has decided not to make any change in the policy rates. While the Marginal Standing Facility Rate (MSFR) and Bank Rate will be 4.25 percent. The stance of the policy has been kept 'accommodative'.

The Reserve Bank Governor Shaktikanta Das said that the real GDP growth in FY23 is estimated to be 7.8 percent. However, in the second quarter of FY23, the GDP growth estimate is expected to come down from 7.8 percent to 7 percent. He said that in the third quarter of FY23, the inflation rate could be 4 percent. At the same time, the inflation rate in FY23 is estimated to be 4.5 percent.

 Please visit our website https://www.stocksimplify.com/ for latest update