Thursday, 14 April 2022

Malcolm Adiseshiah Award 2022

Indian economist and political commentator Shri. Prabhat Patnaik has wins Malcolm Adiseshiah Award 2022.

Foreign currency Rating

S&P Global Rating lowered Sri Lankan's 🇱🇰 foreign currency rating to CC from CCC. 

Sri Lankan Currency - Rupee. 

Tuesday, 12 April 2022

Australian Grand Prix

Ferrari driver Charles Leclerc Won Australian Grand Prix Winner. 

Winner's of Korea Open Batminton

Korea Open Badminton🏸 Open held in Suncheon

Men's Singles Winner - Weng Hongyang, China

Women's Singles Winner - An Se-Young, South Korea. 

Sunday, 10 April 2022

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).