Brief by Shorts91 Newsdesk / 04:49am on 06 Dec 2024,Friday Business
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has maintained the key repo rate at 6.5%, prioritizing inflation control. RBI Governor Shaktikanta Das announced the decision, backed by a 4-2 majority, emphasizing a neutral stance to ensure inflation aligns with the target. The standing deposit facility (SDF) remains at 6.25%, while the marginal standing facility (MSF) and bank rate stand at 6.75%. The cash reserve ratio (CRR) remains at 4.5%, mandating banks to hold reserves with the RBI. Das reiterated the MPC’s commitment to tackling inflation sustainably for long-term economic stability.
