RBI Monetary Policy December 2024: CRR Cut, Unchanged Repo Rate, and GDP Growth Revision
The RBI's Monetary Policy for December 2024 introduces key measures to stabilize India's economy, including a 50 bps reduction in the Cash Reserve Ratio (CRR) to 4%. Despite these changes, the Repo Rate remains unchanged at 6.5% for the seventh consecutive time, signaling a steady approach towards managing inflation and liquidity. Along with these decisions, the RBI has revised its GDP growth forecast for FY25 to 6.6%, reflecting a cautious outlook amid economic challenges.