Finance
RBI Maintains Status Quo on Policy Rates, Cuts CRR by 50 bps
Published on
Author: DISHA PRAFUL SUKHANI
Highlights:
- The MPC maintained the policy repo rate and stance with a 4:2 majority.
- The RBI has decided to reduce the CRR by 50 bps, aligning it with pre-pandemic levels.
- While the RBI has reduced the FY25 growth projections to 6.6%.
- CPI inflation projection was increased to 4.8%.
- We expect RBI to go for a shallow rate of 50 bps in CY2025.