T he Reserve Bank of India’s Monetary Policy Committee reduced the repo rate to 5.25 per cent on December 5, marking its first cut after keeping rates unchanged for two consecutive meetings. Governor Sanjay Malhotra said the six-member panel voted unanimously to reduce the benchmark rate from 5.5 per cent while retaining its policy stance at neutral. With the adjustment, the standing deposit facility rate is now 5 per cent. The marginal standing facility rate and the Bank Rate stand at 5.5 per cent.

How has the RBI revised its GDP growth forecast?

The MPC revised its GDP growth projection for the current financial year to 7.3 per cent, up from 6.8 per cent earlier. The central bank also lifted its quarterly estimates, projecting 7 per cent growth for Q3 compared with 6.4 per cent previo

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