etnownews.com-RBI Monetary Policy 2024, MPC Meeting Highlights: From repo rate, CRR, inflation to GDP and more - Key announcements
RBI MPC Meeting December 2024, RBI Monetary Policy Committee Live: The 6-member rate-setting panel of the Reserve Bank of India (RBI) has announced its decision today. The decision was announced by Governor Shaktikanta Das at 10 AM. This is the last meeting of the RBI MPC of the calendar year. This is also Das' last MPC meeting of his current term which ends on December 10. The RBI MPC has kept the repo rate unchanged for the 11th time in a row, so far. The repo rate stands at 6.5 per cent.
G Hari Babu National President of NAREDCO said that, The Reserve Bank of India's decision to maintain the repo rate at 6.5% and reduce the cash reserve ratio (CRR) by 50 basis points to 4% is a balanced approach to sustaining economic stability while fostering liquidity. This move aligns with the real estate sector's ongoing need for growth support amid evolving market dynamics.
