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The Reserve Bank of India's (RBI) Monetary Policy Committee
(MPC) has kept repo rate unchanged for 11th time at 6.50%, while the SDF rate
remains at 6.25% and the MSF and bank rate at 6.75%. Central bank’s stance
remains neutral, signaling a cautious approach to current economic conditions.
The RBI has cut real Gross Domestic Product (GDP) growth forecast for FY25 to 6.6% from 7.2% earlier. Also, it has revised the CPI inflation forecast for FY25 to 4.8% from 4.5% earlier. RBI cuts cash reserve ratio (CRR) by 50 bps to 4%.
Source: Ace Equity
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