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Here's what RBI Governor Shaktikanta Das announced at the MPC briefing

RBI Governor Shaktikanta Das on December 7 announced that five out of six members of the MPC opted to go for a hike in the rate during the meeting.

December 07, 2022 / 01:05 PM IST
The Reserve Bank of India monetary policy committee (MPC) has raised policy repo rate by 35 basis points to 6.25 percent with immediate effect. RBI Governor Shaktikanta Das on December 7 announced that five out of six members of the MPC opted to go for a hike in the rate during the meeting. Here's what RBI Governor announced at MPC briefing.
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The Reserve Bank of India's Monetary Policy Committee (MPC) has raised the policy repo rate by 35 basis points to 6.25 percent with immediate effect. RBI Governor Shaktikanta Das on December 7 announced that five out of six members of the MPC opted to go for a hike in the rate at the meeting. Here's what RBI Governor announced at MPC briefing.
“Monetary Policy Committee meeting met on 5th, 6th and 7th December, based on an assessment of macroeconomic situation and its outlook, MPC decided by a majority of 5 members out of 6 to increase policy repo rate by 35 basis points to 6.25 percent with immediate effect.”
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“The Monetary Policy Committee meeting met on the 5th, 6th and 7th December. Based on an assessment of macroeconomic situation and its outlook, MPC decided by a majority of five members out of six to increase the policy repo rate by 35 basis points to 6.25 percent with immediate effect.”
"GDP growth forecast for October-December 2022 lowered to 4.4 percent from 4.6 percent; for January-March 2023 lowered to 4.2 percent from 4.6 percent; for April-June 2023 lowered to 7.1 percent from 7.2 percent; and for July-September 2023 seen at 5.9 percent."
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"GDP growth forecast for October-December 2022 has been lowered to 4.4 percent from 4.6 percent; for January-March 2023 it is lowered to 4.2 percent from 4.6 percent; for April-June 2023, it is lowered to 7.1 percent from 7.2 percent; and for July-September 2023, GDP growth is seen at 5.9 percent."
“CPI inflation forecast for FY23 retained at 6.7 percent. CPI inflation forecast for October-December 2022 raised to 6.6 percent from 6.5 percent. CPI inflation forecast for January-March 2023 raised to 5.9 percent from 5.8 percent. CPI inflation forecast for April-June 2023 retained at 5.0 percent. CPI inflation is seen at 5.4 percent in July-September 2023.”
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“The CPI inflation forecast for FY23 is retained at 6.7 percent. The CPI inflation forecast for October-December 2022 has been raised to 6.6 percent from 6.5 percent. The forecast for January-March 2023 is raised to 5.9 percent from 5.8 percent. The forecast for April-June 2023 is retained at 5.0 percent. The CPI inflation is seen at 5.4 percent in July-September 2023.”
“Standing Deposit Facility rate (SDF), and Marginal Standing Facility (MSF) rate also increased by 35 basis points each to 6 percent and 6.5 percent, respectively.”
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“Standing Deposit Facility rate (SDF), and Marginal Standing Facility (MSF) rate have been increased by 35 basis points each to 6 percent and 6.5 percent.”
“Inflation is expected to be above 4 percent in the next 12 months.” We will keep an Arjuna’s eye on inflation and we will be ready to act. Our actions will be nimble.”
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“Inflation is expected to be above 4 percent in the next 12 months.” We will keep an Arjuna’s eye on inflation and we will be ready to act. Our actions will be nimble.”
“FDI inflows rose to $22.7 billion in April to October 2022 from $21.3 billion in the corresponding period last year.”
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“FDI inflows rose to $22.7 billion in April to October 2022 from $21.3 billion in the corresponding period last year.”
“The Indian rupee has appreciated by 3.2 percent during April-October in real terms, while other major currencies have depreciated.”
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“The Indian rupee has appreciated by 3.2 percent during April-October in real terms, while other major currencies have depreciated.”
“Forex reserves stand at $561.2 billion as on December 2. The size of our forex reserves is comfortable and has increased.”
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“Forex reserves stand at $561.2 billion as on December 2. The size of our forex reserves is comfortable and has increased.”