RBI Bimonthly Monetary Policy April 2022

RBI Bimonthly Monetary Policy April 2022 with no change in Key rates. 

Repo Rate : 4.00%

Reverse Repo : 3.35%

MSF : 4.25%

CRR : 4.00%

SDF : 3.75%

Inflation projection for FY 2022-23 is 5.70%

GDP projection for FY 2022-23 is  7.20%

RBI has introduced a non-collaterlised Standing Deposit Facility (SDF) to absorb surplus liquidity from Banking system at a higher interest rate. 

SDF rate replaced Fixed rate reverse repo for Liquidity Adjustment Facility (LAF).