8 Key Points from RBI Policy dated 5th August 2022

Rate Hike

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GDP Growth

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Inflation

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RBI Stance

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RBI on Rupee

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FII Selling & Forex

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Global economic environment has deteriorated due to monetary policy tightening and the war in Europe.

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In India Urban demand is rising while rural demand is catching up Overall liquidity in the system remains in surplus.

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The next meeting of the rate setting committee is scheduled for Sept 28-30 2022.

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8 Key Points from RBI Policy dated 5th August 2022

Rate Hike

Repo Rate increased by 50 bps to 5.4% This is the 3rd consecutive rate hike Totally 140 bps rate hike has happened since May 2022

GDP Growth

Forecasted GDP Growth Forecast for 2022 – 23 remains unchanged at 7.2%

Inflation

Forecasted Inflation for 2022 – 23 remains unchanged at 6.7%

RBI Stance

The Monetary Policy Committee (MPC) continues to remain focused on withdrawal of accommodative stance to target inflation.

RBI on Rupee

In Fiscal Year 2022 – 23 the Rupee has depreciated by 4.7% against the USD. This makes the Rupee one of the least depreciated currency against the USD.

FII Selling & Forex

In Fiscal Year 2022 – 23 till date USD 13.3 billion portfolio outflow has taken place and despite this India’s forex reserves are 4th largest globally.

Global economic environment has deteriorated due to monetary policy tightening and the war in Europe.

Global Economic Assessment

In India Urban demand is rising while rural demand is catching up Overall liquidity in the system remains in surplus.

Indian Economic Assessment

The next meeting of the rate setting committee is scheduled for Sept 28-30 2022.

Next Meeting

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