The Monetary Policy Committee of the Reserve Bank of India increased the policy repo rate by 50 bps to 4.90 per cent, informed RBI Governor Shaktikanta Das on June 8. <br /><br />“The MPC voted unanimously to increase the policy repo rate by 50 bps to 4.90 per cent,” informed RBI Governor Shaktikanta Das. <br /><br />“Consequently, the standing deposit facility - the SDF rate - stands adjusted to 4.65 per cent and the marginal standing facility - MSF rate and bank rate - to 5.15 per cent,” he added.
