Following are the key highlights of the central bank’s September 2022 Monetary Policy Statement unveiled by Governor Shaktikanta Das.    
MPC vote unanimously to increase repo rate by 50 basis points to 5.90%
MPC vote unanimously to remain focused on withdrawal of accommodation
SDF stands at 5.65%; MSF and Bank rate at 6.15%
Objective to achieve the medium-term target for CPI inflation of 4% within a band of +/- 2%, while supporting growth.
The minutes of the MPC’s meeting will be published on October 14, 2022.
The next meeting of the MPC is scheduled during December 5-7, 2022.
Inflation pressures felt at the beginning of the FY have eased but remain elevated across food and energy items.
Assuming normal monsoon and average crude oil price at $100 per barrel
CPI inflation rose to 7% in August from 6.7% in July
CPI inflation projection retained at 6.7% in FY2022-23
Inflation projection breakup for FY23 includes 7.1% for Q2; 6.5% for    
       Q3; 5.8% for Q4.
CPI inflation projected 5.0% for Q1FY2023-24 
Improving outlook for agriculture and allied activities
Rebound in services are boosting the prospects for aggregate supply
Continued thrust on capex, improvement in capacity utilisation in  manufacturing and pick-up in non-food credit sustain the expansion
Headwinds from extended geopolitical tensions, global financial market  
       volatility, tightening global financial conditions
Real GDP growth for 2022-23 projected is retained at 7.2%,
Q2 GDP seen at 6.3 per cent,
Q3 GDP seen at 4.6 per cent,
Q4 GDP seen at 4.6 per cent, 
Real GDP growth for Q1:2023-2024 projected at 7.2%,
SDF stands adjusted to 5.65%
MSF and Bank rate to 6.15%
Surplus liquidity with average daily absorption under the LAF moderating to Rs 2.3 lakh crore during August-September 2022
Merge the 28-day VRRR with the fortnightly 14-day main auction, only  14-day VRRR auctions will be conducted
US dollar appreciated by 14.5% against a basket of major currencies, causing turmoil in currency market globally
CAD for Q1:2022-23 placed at 2.8% with trade deficit at 8.1% of GDP
Indian foreign exchange reserves were placed at US $537.5 billion as  
       on September 23, 2022.
Discussion paper on expected loss (EL) for their loan assets provisioning by banks
To introduce a framework for securitisation of stressed assets
Providing internal banking facility for customers of RRBs
Proposed to regulate offline payment aggregators
Eforex India 30th September 2022