Try GOLD - Free
RBI holds rates again to keep inflation down
The New Indian Express Kozhikode
|December 07, 2024
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. With Friday's decision to hold rates, the central bank has signaled that a growth slip in just one quarter does not warrant a course correction from its Parliament-mandated infla
This story is from the December 07, 2024 edition of The New Indian Express Kozhikode.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Kozhikode
The New Indian Express Kozhikode
More tariff terror as Don OKs bill on Russian curbs
Republican Senator Lindsey Graham claims Trump 'greenlit' a bill that could impose up to 500% levy on India for buying Russian oil
1 mins
January 09, 2026
The New Indian Express Kozhikode
Pvt univ norms: SC slams cabinet secy
THE Supreme Court on Thursday slammed the Cabinet Secretary to the Union of India for flouting its directions to file an affidavit in connection with the regulation of private universities in the country.
1 min
January 09, 2026
The New Indian Express Kozhikode
US pulls out of India-led body, 65 other panels
IN a setback to global climate cooperation, United States President Donald Trump has formally withdrawn the US from the International Solar Alliance (ISA), a flagship renewable energy initiative coled by India and France, seen as a sharp shift away from multilateral climate engagement.
1 mins
January 09, 2026
The New Indian Express Kozhikode
12 Maha Cong corporators join BJP after expulsion
IN a major political development, 12 Congress corporators from the Ambernath Nagar Parishad on Thursday formally joined the BJP, causing embarrassment to both national parties.
1 mins
January 09, 2026
The New Indian Express Kozhikode
Dhami’s strike sinks Bengal Tigers
Boby Singh Dhami’s decisive goal earned Vedanta Kalinga Lancers a 2-1 win over Shrachi Bengal Tigers in the men’s Hockey India League match at the Mayor Radhakrishnan Stadium here on Thursday.
1 min
January 09, 2026
The New Indian Express Kozhikode
NCB busts drug network at Myanmar border, seizes heroin worth ₹15 crore
IN a major crackdown, the Narcotics Control Bureau (NCB) seized 7.312 kg of premium-quality heroin worth ₹15 crore hidden inside 638 soap cases and arrested two traffickers operating near the India-Myanmar border, the agency said on Thursday.
1 mins
January 09, 2026
The New Indian Express Kozhikode
'Rejected violence, stones, arrows for peaceful means', Wangchuk tells SC
JAILED climate activist Sonam Wangchuk told the Supreme Court on Thursday that the tenor of his speech was not to propagate violence and his appeal for peace was suppressed from the detaining authority.
1 mins
January 09, 2026
The New Indian Express Kozhikode
PUT BENGALURU CITIZENS’ INTEREST OVER REALTORS’
BENGALURU is set for a fresh layer of development, with tweaked building bylaws kicking in.
1 mins
January 09, 2026
The New Indian Express Kozhikode
Divorce case: Vembu asked to furnish $1.7 billion bond
A court in the US, where Zoho Corporation (ZCPL) co-founder Sridhar Vembu has filed a divorce petition against wife Pramila Srinivasan, has ordered him to furnish a bond of $1.7 billion, as per media reports.
1 min
January 09, 2026
The New Indian Express Kozhikode
Emotional Sanjana chasing excellence with late father in her mind
USUALLY, one may see Karnataka hoopster Sanjana Ramesh on the court sporting number 24 or 30 on the back of her jersey.
2 mins
January 09, 2026
Listen
Translate
Change font size