{"id":1510,"date":"2022-04-08T07:40:48","date_gmt":"2022-04-08T07:40:48","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=1510"},"modified":"2022-04-09T09:50:32","modified_gmt":"2022-04-09T09:50:32","slug":"rbi-releases-its-monetary-policy-keeping-key-rates-unchanged","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/rbi-releases-its-monetary-policy-keeping-key-rates-unchanged\/","title":{"rendered":"RBI releases its Monetary Policy; Keeping key rates unchanged"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>In the first bi-monthly \u00a0monetary policy report of FY2023, RBI talked out the period of October 2021 to March 2022. During this time, the monetary policy committee(MPC ) met three times<\/p>\n\n\n\n<p>In this current report, MPC talked\nabout Inflation, growth, and Key banking rates. These are three major\ndimensions on which the entire monetary policy is based.<\/p>\n\n\n\n<p><strong>INFLATION<\/strong><\/p>\n\n\n\n<p><strong>The rise in crude prices coupled with\nfeedstock pressure will continue to push retain inflation.<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>RBI\nhas forecasted inflation for Q4 of FY21-22 to 6.1%.<\/li><li>For\nFY23, retail inflation is forecasted at 5.7%<\/li><li>Inflation\nfor Q1 of FY22-23 is projected at 6.3%.<\/li><li>Some\nrelief in Q3 and Q4 of FY22-23 with an Inflation projection of 5.4% and 5.1%,\nrespectively.<\/li><\/ul>\n\n\n\n<p><strong>GROWTH OUTLOOK<\/strong><\/p>\n\n\n\n<p>Economic activity which was recovering\nwith the ebbing of the third wave, rapid stride towards universal vaccination,\nand supportive fiscal and monetary policies now faces significant headwinds\nfrom the exacerbating geopolitical developments and the accompanying sharp rise\nin global commodity prices and weakening global growth outlook.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The\nGDP outlook for FY23 is projected at 7.2% <\/li><li>Q1\nof FY22-23 at a whopping 16% amid favorable base effect.<\/li><li>Q3\nand Q4 of FY2023 are projected at 6.2% and 4% respectively.<\/li><\/ul>\n\n\n\n<p><strong>KEY RATES<\/strong><\/p>\n\n\n\n<p>The apex bank of the country, RBI has\ndecided to keep the key rates unchanged, in this first bi-monthly policy\nmeeting of FY22-23.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>REPO\nrate remains at 4%<\/li><li>Reserve\nRepo at 3.35%.<\/li><li>Marginal\nStanding Facility rate at 4.25%<\/li><li>CRR\nand SLR at 4% and 18%, respectively.<\/li><\/ul>\n\n\n\n<p><strong>MARKET<\/strong><\/p>\n\n\n\n<p>The market has reacted to the Monetary\npolicy with a positive and accommodating note. NIFTY and SENSEX are trading at 17738.70\nand 59297.42, up by 99.15 points and 262.47 points, respectively, from the\nprevious close.<\/p>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 2,245<\/span><\/div><div class=\"pld-like-dislike-wrap pld-template-1\">\n    <div class=\"pld-like-wrap  pld-common-wrap\">\n    <a href=\"javascript:void(0);\" class=\"pld-like-trigger pld-like-dislike-trigger \" title=\"\" data-post-id=\"1510\" data-trigger-type=\"like\" data-restriction=\"ip\" data-ip-check=\"0\" data-user-check=\"1\">\n                        <i class=\"fas fa-thumbs-up\"><\/i>\n                    <\/a>\n    <span class=\"pld-like-count-wrap pld-count-wrap\">2    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>In the first bi-monthly \u00a0monetary policy report of FY2023, RBI talked out the period of October 2021 to March 2022. During this time, the monetary [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/rbi-releases-its-monetary-policy-keeping-key-rates-unchanged\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":1511,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180,10],"tags":[192,193,194,195],"class_list":["post-1510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-featured","tag-rrbi","tag-mpc","tag-rates","tag-monetarypolicy"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=1510"}],"version-history":[{"count":2,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1510\/revisions"}],"predecessor-version":[{"id":1513,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1510\/revisions\/1513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/1511"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=1510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=1510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=1510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}