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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
यह कहानी The New Indian Express Kozhikode के December 07, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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