The monetary policy committee raised the key lending rate or
repo rate to 6.50%.
The standing deposit facility rate and the marginal standing
facility rate were also adjusted higher by the same margin.
For a timeline of changes to the repo rate, click here.
Below is a timeline of changes to India's standing deposit
facility rate since April 2022.
*RATE (%) EFFECTIVE DATE
6.25 08-02-2023
6.00 07-12-2022
5.65 30-09-2022
5.15 05-08-2022
4.65 08-06-2022
4.15 04-05-2022
3.75 08-04-2022
(Reporting by Bhakti Tambe)
MUMBAI, Feb 8 (Reuters) - The Reserve Bank of India's
key policy repo rate was raised by 25 basis points on Wednesday
as expected, but surprised markets by leaving the door open to
more tightening, saying core inflation remained high.
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