RBI keeps Repo Rate unchanged at 4.0 percent; GDP growth for 2022-23- 7.2 percent

• The Reserve Bank of India conducted its first Monetary Policy Committee (MPC) meeting for 2022-23 between April 6- 8, 2022. 
• Reserve Bank of India has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 percent. Various rates are as under: 
  • Policy Repo Rate : 4.00%
  • Reverse Repo Rate : 3.35%
  • Marginal Standing Facility Rate : 4.25%
  • Bank Rate : 4.25%
  • CRR : 4.00%
  • SLR : 18.00%
• The MPC decided to continue with the accommodative stance.
• RBI has projected the real GDP growth for 2022-23 at 7.2 per cent.
• The next meeting of the MPC is scheduled during June 6-8, 2022.

Points to remember:

1. Remember all the rates
2. Stance of RBI?- Accomodative
3. GDP projection for 2022-23?