CosmicTaco

RBI Keeps Repo Rate Unchanged, Cuts CRR

CosmicTaco · 2024-12-06T12:26:50.626512+05:30

- The RBI's Monetary Policy Committee, led by Governor Shaktikanta Das, decided to keep the repo rate steady at 6.5% due to rising inflation concerns. - To support economic growth, the RBI announced a 50 basis points cut in the Cash Reserve Ratio (CRR) in two tranches starting December 14 and 28. - The GDP growth forecast for FY25 was revised down to 6.6% from 7.2%, indicating economic challenges ahead. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/rbi-mpc-monetary-policy-repo-rate-live-updates-shaktikanta-das-rbi-policy-new-interest-rate-news-liveblog-12884469.html)

The RBI's Monetary Policy Committee, led by Governor Shaktikanta Das, decided to keep the repo rate steady at 6.5% due to rising inflation concerns.
To support economic growth, the RBI announced a 50 basis points cut in the Cash Reserve Ratio (CRR) in two tranches starting December 14 and 28.
The GDP growth forecast for FY25 was revised down to 6.6% from 7.2%, indicating economic challenges ahead.

Source: Moneycontrol