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CII urges RBI to cut repo rate, enhance liquidity measures
Millennium Post Delhi
|Delhi 05 December 2024
NEW DELHI: In a note ahead of the Reserve Bank of India's (RBI) forthcoming monetary policy meeting scheduled on Friday, Chandrajit Banerjee, Director General of the Confederation of Indian Industry (CII), has recommended a 25 basis points cut in the key repo rate and the implementation of several liquidity-enhancing measures.
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These suggestions come amidst a slowdown in India's economic momentum, with real GDP growth moderating to a seven-quarter low of 5.4 per cent in Q2 FY25 from 6.7 per cent in the previous quarter.
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