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MSF rate and the Bank Rate to 4.65 per cent . RBI said, as the war draws on and sanctions and retaliatory actions intensify, shortages, volatility in commodity and financial markets, supply dislocations and, most alarmingly, persistent and spreading inflationary pressures are becoming more acute with every passing day. Debt distress is rising in the developing world amidst capital outflows and currency depreciations. Recent GDP releases suggest that the global economic recovery is losing pace.   By announcing the Decisions and Deliberations of the Monetary Policy Committee (MPC), RBI Governor Shaktikanta Das said, “against this backdrop, the Monetary Policy Committee decided to hold an off-cycle meeting on 2nd and 4th May, 2022 to reassess the evolving inflation-growth dynamics and the impact of the developments after the MPC meeting of April 6-8, 2022.” Based on this assessment of the macroeconomic situation and the outlook, the MPC voted unanimously to increase the policy repo ra

RBI is pumping Rs 360 billion in October  The Reserve Bank of India (RBI) had telegraphed in its previous post-monetary policy press conferences that the system liquidity will move into deficit in the second half of the fiscal year and that the evolving liquidity conditions shall determine its choice of instruments for both transient and durable liquidity management. Based on an assessment of the durable liquidity needs going forward and the seasonal growth in currency in circulation observed in build-up to the festive season, RBI has decided to conduct purchase of Government securities under Open Market Operations (OMOs) for an aggregate amount of Rs 360 billion in the month of October 2018.The auctions would be conducted during the 2nd, 3rd and 4th week of October. The auction dates and the Government securities to be purchased in respective auctions would be communicated in due course. The OMO amount stated above is indicative and RBI retains the flexibility to c