#RBI #RBIpolicy #reporate #CRR #interestrates #ShaktikantaDas
The Reserve Bank of India (RBI) has announced its fifth bi-monthly monetary policy for FY25 on December 6. In this update, the RBI's Monetary Policy Committee (MPC), headed by Governor Shaktikanta Das, voted to maintain the repo rate at 6.5% for the 11th consecutive meeting. The committee also decided to keep the monetary policy stance "Neutral" while focusing on managing inflation and supporting economic growth. Additionally, the RBI reduced the cash reserve ratio (CRR) by 50 basis points to 4%. The central bank has raised its inflation projections for FY25, increasing the Consumer Price Index (CPI) target to 4.8% from 4.5%. It has also revised the GDP growth estimates for FY25 downward to 6.6%, down from 7.2% previously. What does this policy mean for your finances? How should you prepare for these changes? Tune in to Business Today TV's special coverage, where anchor Sakshi Batra engages with Aditi Nayar, Chief Economist at ICRA, and Madan Sabnavis, Chief Economist at Bank of Baroda, for expert insights and analysis.
#reservebankofindia #Businessnews #monetarypolicy #financialnews #CPIprices
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