RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25
2 weeks, 3 days ago

RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25

India TV News  

The Reserve Bank of India on Friday slashed its growth projection for the current fiscal year 2024-25 to 6.6 per cent from its earlier estimate of 7.2 per cent, citing a slowdown in economic activity and persistent high food prices. RBI cuts CRR to 4 per cent Meanwhile, to ease the potential liquidity stress, the Reserve Bank also slashed the Cash Reserve Ratio by 50 basis points to 4 per cent, a move that would unlock Rs 1.16 lakh crore bank funds. Earlier on May 4, 2022, the central bank had raised CRR to 4.5 per cent from 4 per cent in an off-cycle Monetary Policy Committee meeting, with effect from May 21 of the same year. To ease the potential liquidity stress, it has now been decided to reduce CRR of all banks to 4 per cent of net demand and time liabilities in two equal tranches of 25 basis points, each with effect from the fortnight beginning December 14, 2024 and December 28, 2024, RBI Governor Shaktikanta Das said.

History of this topic

RBI’s monetary policy panel divided over timing of rate action
3 days, 7 hours ago
India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October
Trending News
1 week ago
RBI May Begin Shallow Rate Cut Cycle From Feb Amid Global Turmoil
1 week, 1 day ago
Mint Quick Edit: Lower inflation raises the likelihood of an RBI rate cut
Trending News
1 week, 3 days ago
DC Edit | FM, new RBI chief signal cut
1 week, 4 days ago
India’s retail inflation eases to 5.48%, industrial production rises to 3-month high
1 week, 4 days ago
Retail inflation slows slightly at 5.48%
1 week, 4 days ago
India’s retail inflation moderates to 5.48% in November, IIP expands to 3.5% in October
1 week, 4 days ago
Retail inflation eases to 5.48% in November from above 6% in October
1 week, 4 days ago
Retail inflation data today. 3 things you should know
1 week, 4 days ago
Inflation likely eased to 5.5% in November: Mint poll
1 week, 5 days ago
ADB lowers growth projections for India to 6.5% in FY25, 7% in FY26
1 week, 5 days ago
DC Edit | Will RBI tweak inflation focus?
1 week, 5 days ago
Immensely grateful: Shaktikanta Das thanks PM Modi on last day as RBI Governor
1 week, 6 days ago
SBI Research anticipates RBI repo rate cut in February policy meet
2 weeks, 1 day ago
SBI forecasts GDP growth of 6.3%, lower than RBI's 6.6% estimate for FY25
2 weeks, 2 days ago
​Staying the course: On the RBI and inflation
Trending News
2 weeks, 3 days ago
RBI monetary policy decision: Is an RBI rate cut coming after Union Budget 2025? What experts suggest
Trending News
2 weeks, 3 days ago
RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%
2 weeks, 3 days ago
RBI Monetary Policy: MPC projects FY25 GDP growth at 6.6%; cuts estimates from 7.2% earlier
2 weeks, 3 days ago
RBI monetary policy: MPC projects FY25 inflation at 4.8%
2 weeks, 3 days ago
RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome
2 weeks, 3 days ago
RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch
2 weeks, 3 days ago
RBI governor refuses to pay heed to Finance Minister, says GDP shocker is behind us
Trending News
2 weeks, 3 days ago
'Our job is…': RBI Governor defends policy action amid criticism over lending rates
2 weeks, 3 days ago
RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?
2 weeks, 3 days ago
RBI keeps repo rate unchanged for 11th time in a row at 6.5 per cent
2 weeks, 3 days ago
RBI must restore balance between inflation, growth
2 weeks, 3 days ago
RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation
2 weeks, 3 days ago
How RBI tried to balance growth-inflation matrix with a CRR cut
2 weeks, 3 days ago
RBI must restore balance between inflation, growth
2 weeks, 3 days ago
RBI MPC Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in
Trending News
2 weeks, 4 days ago
RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?
Trending News
2 weeks, 5 days ago
Monetary policy review: RBI should stick to its price stability mandate
2 weeks, 5 days ago
RBI MPC to start today: Will there be a rate cut? 3 things to know
Trending News
2 weeks, 5 days ago
From RBI policy to pre-budget rally - experts highlight 3 near-term key triggers for Indian stock market
3 weeks ago
Will RBI cut key interest rates on December 6? 3 things to know
3 weeks ago
RBI to keep repo rate unchanged at meeting next week, chances of rate cut in Feb increased: Report
Trending News
3 weeks, 2 days ago
RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February
3 weeks, 4 days ago
India Expects Relief in Food Inflation with Strong Kharif Harvest
4 weeks ago
Food Inflation To Calm Down In Next Few Months, Says Finance Ministry’s Report
4 weeks ago
India’s GDP growth estimated to decelerate to 6.3% in 2025, says Goldman Sachs; sees shallow RBI rate cut from Q1CY25
1 month ago
Inflation behaving more like a magician who tricks you again and again
1 month ago
DC Edit | RBI may have to defer rate cut
1 month, 1 week ago
‘Absolutely flawed…’: RBI should boost growth with rate cut, says Union Minister Piyush Goyal; Governor Das responds
1 month, 1 week ago
Rising food prices push India’s wholesale inflation to four-month high in Oct
Trending News
1 month, 1 week ago
India trade minister says central bank should cut rates, look through food prices
1 month, 1 week ago
October inflation wipes off rate cut hopes in Dec policy
1 month, 1 week ago
Mint Quick Edit | Inflation above 6%: There goes a December rate cut
1 month, 1 week ago

Discover Related