The first bi-monthly monetary policy of RBI for the year 2022-23 was announced on April 08, 2022. Monetary policy stance Remains accommodative while focusing on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. Rates Policy repo rate kept unchanged at 4%. The amendment to Section 17 of RBI Act in 2018 empowered RBI to introduce Standing Deposit Facility (SDF). The SDF will replace the fixed rate reverse repo (FRRR) as the floor of the LAF corridor. SDF rate will be 25 bps below the policy rate and MSF rate will continue to be 25 bps above the policy repo rate. Thus, the width of the LAF corridor is restored to the pre-pandemic configuration of 50 bps. Marginal standing facility (MSF) rate and Bank rate remain unchanged at 4.25%. Standing deposit facility (SDF) rate will be at 3.75%. The fixed rate reverse repo (FRRR) rate is retained at 3.35% and its operation will be at the discretion of RBI for purp...