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Governors Statement: April 8, 2022 Two years ago in March 2020, we began a journey to fight the onslaught of COVID-19 on our economy with courage and determination. During the period thereafter, the Reserve Bank has successfully navigated its course through turbulent waters. While the pandemic ha
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FAQ :
The Reserve Bank of India has kept the policy repo rate unchanged at 4%.
The reverse repo rate remains unchanged at 3.35%.
The MPC decided to remain accommodative while focusing on the withdrawal of accommodation to ensure inflation remains within the target and to support growth.
The decision was influenced by escalating geopolitical tensions, global commodity price volatility, and concerns about inflation and economic growth, alongside the ongoing recovery from the pandemic.
The real GDP growth for 2022-23 is projected at 7.2%, assuming crude oil prices at US$100 per barrel.
Inflation is projected at 5.7% for 2022-23, assuming a normal monsoon and average crude oil prices of US$100 per barrel.
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