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Competition success review
Competition success reviewpublished this article page no 27 the monetary policy committee (mpc) at its meeting on february 8 2023 based on its assessment of the current and evolving macroeconomic situation decided to increase the policy repo rate under the liquidity adjustment facility (laf) by 25 basis points to 6.50% with immediate effect. similarly the standing deposit facility (sdf) rate was adjusted to 6.25% and the marginal standing facility (msf) rate and the bank rate to 6.75%. the gross domestic product (gdp) growth forecast for the current financial year 2022-23 has been increased by rbi from 6.8% to 7%. in the next financial year 2023-24 the growth rate in gross domestic product (gdp) has been estimated to be 6.4%. inflation for 2022-23 estimated at 6.5% for q4 inflation estimated at 5.7% cpi inflation for 2023-24 estimated at 5.3% competition success review gk today.