LIVE: RBI MPC Meeting August 2022: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate by 50 basis points to 5.4 per cent. Announcing the decision of the Monetary Policy Committee (MPC) during its three-day meeting, Das said it has been decided to increase the policy rate by 50bps to 5.4 per cent with immediate effect. He also said the domestic economy is showing signs of broadening. The Reserve Bank of India’s rate-setting panel on Wednesday began its three-day deliberations on the next bi-monthly monetary policy amid expectations of at least a 35-basis-point hike in the interest rate to check high retail inflation. Both the central bank and the government have been taking steps to contain inflation which is ruling above thye RBI’s comfort level of 6 per cent since January this year. Here are all LIVE UPDATES:-
WATCH FULL VIDEO: RBI MPC Monetary Policy Review Announcement by Governor Shaktikanta Das
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