India's SDF rate raised to 5.25% in first hike since Feb 2023
The Reserve Bank of India raised its standing deposit facility rate by 25 basis points to 5.25% on Wednesday, its first rate hike since February 2023. The Monetary Policy Committee also raised the repo rate by 25 basis points and shifted its policy stance to calibrated tightening.
25%. The six-member Monetary Policy Committee unanimously voted to raise the repo rate by 25 basis points, adjusting the SDF rate by the same margin. The committee also shifted its policy stance to calibrated tightening. For a timeline of changes to the repo rate, click here.
Here is a timeline of changes to India's standing deposit facility rate since April 2022. com)