The Reserve Bank of India (RBI) Monetary Policy Committee (MPC), chaired by Governor Shaktikanta Das, has decided to maintain the repo rate at 6.5%. Additionally, the MPC announced a reduction in the Cash Reserve Ratio (CRR) by 50 basis points, bringing it down to 4%.
The Reserve Bank of India (RBI) announced its fifth bi-monthly monetary policy for FY25 on December 6, 2024. The six-member Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, decided by a 4-2 majority to keep the benchmark repo rate unchanged at 6.5% for the 11th consecutive meeting. The policy stance remains ‘Neutral,’ with a … Read more