RBI MPC Meeting June 2022 LIVE : Governor Shaktikanta Das today announced that the central bank has raised key rates by by 50 bps to 4.90 percent. Consequently, the standing deposit facility (SDF) rate stands adjusted to 4.65 percent and the marginal standing facility (MSF) rate and the bank rate to 5.15 percent. The Monetary Policy Committee (MPC) also voted unanimously to remain focused on the withdrawal of accommodation to ensure that inflation remains within range going forward, while supporting growth. Chief economic advisor V Anantha Nageswaran said in an event today that India faces immediate challenges on the growth, inflation and fiscal fronts but its medium-term fundamentals remain solid.
Catch all the updates on the RBI's June 8 policy announcements:
First Published: Jun 8, 2022 8:56 AM IST
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