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RBI holds rates again to keep inflation down
December 07, 2024
|The New Indian Express Kalaburagi
In balancing act, cuts cash reserve ratio and frees up ₹1.16 lakh crore to support growth
THE Reserve Bank of India (RBI) on Friday chose to stay the course on inflation control, refusing to make any knee-jerk reaction to the growth slump reported in the second quarter with a repo rate cut.
RBI's monetary policy committee (MPC) led by governor Shaktikanta Das decided to maintain the repo rate at 6.5% for the 11th time on the trot. The last time it changed the repo rate—the interest rate at which RBI lends money to commercial banks—was in February 2023, when it raised it by 25 basis points.
هذه القصة من طبعة December 07, 2024 من The New Indian Express Kalaburagi.
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The New Indian Express Kalaburagi
Govt to bring bill to impose 70% cess on tobacco
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PM terms Tamil as 'pride of India' in Mann ki Baat, urges people to learn it
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1 min
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WHAT TO EXPECT WHEN INVESTING IN 2026
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2 mins
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37 more Maoists surrender in Chhattisgarh
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1 min
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GIFT City now manages $100 billion in assets
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1 mins
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SHOULD WE INVEST IN INDIAN EQUITIES
FOR a long-term investment horizon, yes, Indian equities remain one of the most compelling long-term opportunities among major economies even as today.
2 mins
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BJP dismisses claims as 'baseless, false'
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