rbi mpc meeting – Bhartiyanews24x7

What was RBI’s policy rationale for keeping the repo rate unchanged? RBI MPC meeting: The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday decided to keep the key repo rate unchanged at 6.5% by a 4:2 majority. The decision to keep the repo rate at status quo comes at a time when the Consumer Price Index (CPI) inflation is still above RBI’s comfort band of 2-6%. On the other hand, with the Q2 FY25 GDP data coming in at a disappointing 5.4%, all eyes are on the central bank to support growth.While most economists and market experts did not expect the RBI to cut the repo rate, a Cash Reserve Ratio (CRR) cut had been anticipated. The RBI announced a 50 basis points reduction in the CRR from 4.5% to 4% in two tranches. RBI also revised downwards its GDP growth forecast for FY25...

RBI MPC Dec Meet: The Reserve Bank of India (RBI) on Friday maintained the status quo on benchmark interest rates. The central bank’s Monetary Policy Committee (MPC) announced key repo rates at 6.5 per cent, keeping it unchanged yet again. The committee undertook this measure with a 5:1 majority, making this the 11th consecutive time the regulator chose to maintain the status quo on interest rates. Notably, the last time the MPC changed the key rates was in February 2023. #WATCH | Mumbai | RBI Governor Shaktikanta Das says, "The Standing Deposit Facility (SDF) rate remains at 6.25% and the Marginal Standing Facility (MSF) rate and the Bank Rate at 6.75%..."(Source: RBI) pic.twitter.com/hg2GS9dQh5 — ANI (@ANI) December 6, 2024MSF and SDF Rates Sharing details of the meeting, Go...

Tag: rbi mpc meeting

Why did RBI governor Shaktikanta Das-led MPC not cut repo rate despite GDP shocker? Top 5 points to know – Times of India

RBI MPC Dec Meet: Panel Continues To Keep Key Rates Unchanged, Repo Rate At 6.5 Per Cent