#RBI POLICY
The key highlights of the RBI’s MPC meeting (September 28-30) are as follows:
RBI has hiked the repo rate for the fourth time in a row, by 50 bps to 5.9% with immediate effect
Marginal Standing Facility (MSF) & Bank rates have been adjusted to 6.15% from 5.65% after the repo rate hike
RBI has also Withdrawn the “Accommodative” stance of the Monetary Policy
Now, the RBI's monetary policy committee (MPC) has hiked the key policy rate by 190 bps since May to 5.9%
Inflation is expected to remain elevated at around 6% in the second half of FY 23
The RBI has lowered FY23 gross domestic product (GDP) growth forecast to 7% from 7.2%
Source: RBI