October 3, 2025
  • Reserve bank of India increased the Repo Rate by 50 basis points to 5.40 percent.
  • RBI Governor Shaktikant Das announced the bi-monthly Monetary Policy.
  • While announcing the policy, Shaktikant Das said that the Monetary Policy Committee which held a three-day MPC Meeting, unanimously decided to increase the Repo Rate.
  • Under Section 45ZB of the amended RBI Act, 1934, the central government is empowered to constitute a six-member Monetary Policy Committee (MPC) to determine the policy interest rate required to achieve the inflation target. The first such MPC was constituted on September 29, 2016.
  • Accordingly, Standing Deposit Facility Rate was adjusted to 5.15 percent from 4.65 percent. Marginal Standing Facility Rate and Bank Rate revised to 5.65 percent from 5.15 percent.
  • The RBI Governor said that the Repo Rate is now back to pre-pandemic level highest since August 2019.
  • He said that the real GDP growth projection for 2022-23 is retained at 7.2 percent with Q1- 16.2 percent, Q2-  6.2 percent, Q3 -4.1 percent, and Q4- 4.0 percent with risks broadly balanced.
  • The real GDP growth for the first quarter of the ensuing fiscal year is projected at 7 percent.
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