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
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