RBI Policy

Outcome of RBI Policy meet
⚡Reverse Repo 3.35%
⚡MSF Rate 4.25%
⚡Repo Rate 4.00%

📌RBI keeps Repo and Reverse Repo Rate unchanged
Policy: Continued policy support required for growth recovery, says @DasShaktikanta; mentions #Omicron variant as a risk to domestic economy.

📌Recovery interrupted by second wave is gaining traction. Headwinds continue with global supply bottlenecks, volatile commodity prices

RBI

📌@RBI retains GDP growth rate projection at 9.5 % in 21-22; predicts 6.6 % in Q3 and 6 % in Q4 despite global headwinds such as high commodity and global supply bottlenecks

📌@RBI forecasts FY22 inflation at 5.3%. Inflation to rise to 5.7% in Q4 from 5.1% in Q3 says @DasShaktikanta