<h1>Monetary Policy Committee Raises Repo Rate to 4.40% Amid Rising Inflation and Global Economic Challenges.</h1> The Monetary Policy Committee decided to increase the policy repo rate by 40 basis points to 4.40% to address rising inflation, with the standing deposit facility rate adjusted to 4.15% and the marginal standing facility rate to 4.65%. The committee aims to keep inflation within a 4% target, amidst global economic challenges and domestic inflation pressures. The decision follows geopolitical tensions affecting global growth and trade, with inflation in India rising to 7% in March. Despite external challenges, India's economic fundamentals remain strong, with expectations of sustained recovery in services and investment activities. The next MPC meeting is scheduled for June 2022.