Try GOLD - Free
RBI holds rates again to keep inflation down
The New Indian Express Tirupati
|December 07, 2024
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.
This story is from the December 07, 2024 edition of The New Indian Express Tirupati.
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 Tirupati
The New Indian Express Tirupati
Vehicles to soon give crash warning to each other
VEHICLES in India will soon be fitted with an On-Board Unit (OBU) that enables Vehicle-to-Vehicle (V2V) communication to improve road safety.
1 mins
January 09, 2026
The New Indian Express Tirupati
WHY OIL’S NOT WELL IN VENEZUELA
ON the third night of the new year, the Caracas skyline was dotted with explosions.
3 mins
January 09, 2026
The New Indian Express Tirupati
Novelty of ICC’s ships must be retained: Uthappa
ON Wednesday evening at Kingsmead, Durban, Pretoria Capitals’ Shai Hope was putting on a scintillating show against Durban’s Super Giants in the SA20 league.
1 mins
January 09, 2026
The New Indian Express Tirupati
SC slams Cab Sec for not filing affidavit on pvt univ regulation
On passing the baton
1 min
January 09, 2026
The New Indian Express Tirupati
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
The New Indian Express Tirupati
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 Tirupati
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 Tirupati
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 Tirupati
People's scientist who gave Nature a voice
MADHAV
1 mins
January 09, 2026
The New Indian Express Tirupati
Trained in new language, 13 youth from violence-hit Manipur land jobs in Japan
SCARRED they may be by bloody ethnic violence, but for 13 youths from Manipur, there's a reason to smile.
1 min
January 09, 2026
Listen
Translate
Change font size