DBT Bureau
Bengaluru, 6 December 2024
RBI announced the key policy decisions on Friday. Those are:
- RBI keeps repo rate unchanged at 6.5%.
- The MPC (Monetary Policy Committee) unanimously agreed to maintain the neutral policy stance.
- RBI cuts cash reserve ratio to 4% to address liquidity woes. This move is likely to support growth.
- RBI revises down FY25 GDP growth rate to 6.6% from 7.2% earlier.
- Retail inflation rate revised up to 4.8% in FY25 from 4.5% earlier.
