Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
RBI keeps rate unchanged at 6.5 pc, cuts GDP growth projection to 6.6 per cent
The Statesman
|December 07, 2024
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) on Friday, with a majority of 4:2, decided to keep the repo rate unchanged at 6.5 per cent and retain the 'Neutral' stance.
Announcing the decision, Governor Shaktikanta Das said the Standing Deposit Facility (SDF) rate remains at 6.25 per cent and the Marginal Standing Facility (MSF) rate and the Bank Rate at 6.75 per cent.
He announced that the RBI has also cut the Cash Reserve Ratio (CRR) by 50 basis points to 4 per cent, and said the measure will lead to the infusion of Rs 1.16 trillion into the system.
On inflation, the Governor said for the Financial Year 2024-2025, the (Consumer Price Index) CPI will be 4.8 per cent. For Q3 of FY25, it is projected at 5.7 per cent; while for the Q4, it is 4.5 per cent.
This story is from the December 07, 2024 edition of The Statesman.
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 Statesman
The Statesman
SC: Existing hate speech laws adequate, issue is enforcement
The Supreme Court on Wednesday declined I to issue any further directions to curb hate speech across the country, holding that the existing legal framework provides sufficient mechanisms to deal with such offences and that the real concern lies in enforcement rather than absence of law.
1 mins
April 30, 2026
The Statesman
Who pays the bill?
Alternative Dispute Resolution for MSMEs remains a distant dream despite the Centre's resolve, says P.Madhava Rao
5 mins
April 30, 2026
The Statesman
Tiger family tragedy at Kanha: Mother and three cubs dead in 9 days, last cub critical
Almost an entire tiger family including a mother and her three sub-adult cubs has died within a span of nine days at the world-renowned Kanha Tiger Reserve (KTR) in Madhya Pradesh.
1 min
April 30, 2026
The Statesman Kolkata
Efforts that transform true measure of success
A clear understanding of governance performance is fundamental to the Communist Party of China's commitment to serving the public good and exercising power for the people.
2 mins
April 30, 2026
The Statesman
With goals of Iran war unfulfilled, Netanyahu's govt faces unhappy public as elections loom
Iran’s government is still in power.
1 mins
April 30, 2026
The Statesman Kolkata
Manipur CM Khemchand unveils five projects, calls for unity & peace
Chief Minister Yumnam Khemchand Singh today inaugurated five development projects in Langthabal Assembly Constituency, emphasising that peace remains the foremost prerequisite for development and urging civil society organisations and the public to work together for harmony in the state.
1 mins
April 30, 2026
The Statesman
Market ends in gains with Sensex closing 600 pts higher
The Indian market rebounded sharply on Tuesday posting significant gains however, profit booking at higher levels trimmed some of the gains.
1 mins
April 30, 2026
The Statesman
West Bengal records historic 92 per cent plus voter turnout
In a signature advertisement for Indian democracy, West Bengal witnessed a record voter turnout of 92.52 per cent in phase two of the state Assembly elections across 142 seats on Wednesday, with the figure likely to go up, reflecting robust participation across districts despite intermittent rain.
3 mins
April 30, 2026
The Statesman
Exit polls show uneven picture for Bengal, clear mandates elsewhere
Exit polls for the high-stakes Assembly elections across West Bengal, Tamil Nadu, Kerala, Assam and Puducherry on Wednesday painted a politically uneven picture, with Bengal emerging as the most fiercely contested and unpredictable battleground, even as clearer and more consistent mandates appeared to take shape in the other four states.
3 mins
April 30, 2026
The Statesman Kolkata
NDA wins elections through manipulation and conspiracy, alleges Tejashwi Yadav
Rashtriya Janata Dal (RJD) national working president and Leader of the Opposition in the Bihar Assembly Tejashwi Yadav, on Wednesday, accused National Democratic Alliance (NDA) leaders of being insensitive to public concerns.
1 min
April 30, 2026
Listen
Translate
Change font size