RBI hikes Repo Rate, here is how it will affect your household budget | Matrabhumi ( 4 May 2022)

In an unscheduled policy review meeting of its Monetary Policy Committee (MPC), the Reserve Bank of India (RBI) on Wednesday hiked the policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points to 4.40 per cent to contain inflation with immediate effect. According to the RBI statement, the standing deposit facility (SDF) rate consequently stands adjusted to 4.15 per cent and the marginal standing facility (MSF) rate and the bank rate to 4.65 per cent.