RBI Hikes Repo Rate By 50 Basis Points To 5.4%

New Delhi: The Reserve Bank of India on Friday hiked the repo rate by 50 basis points to 5.4%.

RBI Governor Shaktikanta Das also showcased the GDP growth projections for 2022-23 at 7.2%.

“The real GDP growth projection for 2022-23 is retained at 7.2% with Q1- 16.2%, Q2- 6.2%, Q3 -4.1% and Q4- 4% with risks broadly balanced. The real GDP growth for Q1 2023-24 is projected at 6.7%, Shaktikanta Das said.


  • Today’s hike takes the repo rate above pre-pandemic levels of 5.15 per cent.
  • Inflation is projected at 6.7% in 2022-23; CPI inflation for Q1- 2023-24 is projected at 5%
  • FDI at 13.6 billion dollars in the first quarter of the current financial year was robust, as compared to 11.6 billion dollars in the first quarter of last year: RBI Governor Shaktikanta Das
  • Despite the drawdown of foreign exchange reserves to limit rupee volatility, India’s reserves remain the fourth largest globally: RBI Governor Shaktikanta Das
  • In line with the global trend of monetary policy tightening to cool off inflation, the RBI has so far hiked the key repo rates — the rate at which the central bank of a country lends money to commercial banks — by 140 basis points.


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