This decision was taken at a bi-monthly policy review meeting of the six-member Monetary Policy Committee headed by RBI Governor Shaktikanta Das.
Monetary policy 2022: The Reserve Bank of India (RBI) on Thursday kept key policy rates, including repo and reverse repo rates, unchanged in its monetary policy review announced today. This decision was taken at a bi-monthly policy review meeting of the six-member Monetary Policy Committee headed by Reserve Bank of India Governor Shaktikanta Das.
The meeting was originally scheduled to take place between February 7 to February 9, 2022. RBI governor Shaktikanta Das on Tuesday projected India’s economic growth projection for the financial year 2023 (FY23) at 7.8%. RBI forecasts FY23 CPI inflation at 4.5%.
At a glance
The MPC has voted unanimously to keep policy repo rate unchanged at 4 per cent.
MSF rate and bank rate remain unchanged. Reverse repo rate also remains unchanged.
The real GDP growth is projected at 7.8% for FY 2022-23: RBI Governor Shaktikanta Das.
GDP is projected at 7.2% for Q1, 7 per cent for Q2, 4.3 % for Q3, and 4.5 per cent for Q4.
CPI inflation projection retained at 5.3% for FY 2021-22 and 4.5% for FY 2022-23 by RBI.
RBI forecasts Q1FY23 CPI at 4.9%, Q2 at 5%, Q3 at 4% and Q4 at 4.2%, Shaktikanta Das said.
Variable rate repo operations of varying tenors will henceforth be conducted as and when warranted.
Variable rate repos, variable rate reverse repos of 14-day tenors will operate as main liquidity management tool.
These operations will be aided by fine turning operations.
From March 1, fixed rate reverse repo, Marginal Standing Facility will be available from 5:30-11:59 PM on all days.
Reserve Bank of India (RBI) has enhanced of cap under e-Rupee prepaid digital vouchers.
The present cap of Rs 10,000 will be increased to Rs 1 lakh per voucher and to be used more than once.
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 "RBI Monetary Policy LIVE Updates RBI Governor Shaktikanta Das")
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