RBI Keeps Repo Rate Unchanged at 6.5%, Cuts CRR by 50 Basis Points to 4% (Watch Video)
The RBI kept the repo rate unchanged at 6.5% for the 11th straight meeting and reduced the CRR by 50 bps to 4%, focusing on liquidity and economic stability.
The Reserve Bank of India (RBI) announced its fifth bi-monthly monetary policy for FY25 on December 6, 2024. The Monetary Policy Committee (MPC), chaired by Governor Shaktikanta Das, decided to keep the repo rate unchanged at 6.5% for the 11th consecutive meeting, maintaining a neutral monetary policy stance. Additionally, the RBI reduced the Cash Reserve Ratio (CRR) by 50 basis points to 4%, aiming to improve liquidity in the banking system. RBI MPC Meeting 2024: Reserve Bank of India May Go for CRR Cut Instead of Repo Rate Reduction in Monetary Policy, Say Experts.
RBI Repo Rate Unchanged
#WATCH | Mumbai | RBI Governor Shaktikanta Das says, "The Monetary Policy Committee decided by a majority of 4:2 to keep the policy repo rate unchanged at 6.5%..."
(Source: RBI) pic.twitter.com/oteBt4FLlQ
— ANI (@ANI) December 6, 2024
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(The above story first appeared on LatestLY on Dec 06, 2024 10:35 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
