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    HomeNewsOpinionFirst Take | RBI signals monetary policy ready to pivot

    First Take | RBI signals monetary policy ready to pivot

    Central bank effectively hikes reverse repo rate by 40 basis points while remaining accommodative

    Ravi Krishnan
    April 08, 2022 / 16:47 IST
    On April 8, Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the Monetary Policy Committee of RBI has kept the repo rate unchanged at 4 percent but hiked the reverse repo rate by 40 bps to 3.75 percent and emphasized on the need of withdrawal of accommodation in its first policy meeting of FY23. (Image credit: ANI/Twitter)
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