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The RBI Monetary Policy Committee, led by Governor Shaktikanta Das, has decided to keep the repo rate at 6.5%, a decision that was widely expected.
The decision was made after a detailed assessment of the macroeconomic outlook. The Reserve Bank of India (RBI) has also decided to cut the Cash Reserve Ratio (CRR) in two tranches of 25 basis points each in two fortnights, starting from December 14, 2024 and December 28, 2024. This move is expected to inject significant liquidity into the banking system, enhance banks’ lending capacity, and improve credit accessibility for individuals.
The RBI’s decision to maintain the repo rate at 6.5% reflects a prudent, balanced approach to managing growth while keeping inflation within the tolerable range. The CRR cut marks the beginning of monetary easing, which will likely gain steam once food inflation starts declining from December onwards.
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