RBI Monetary Policy meet: RBI cuts Cash Reserve Ratio by 50 bps to 4%

Last Updated: Dec 06 2024 | 12:37 PM IST

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Reserve Bank of India (RBI) governor Shaktikanta Das announced a 50 basis point reduction in the Cash Reserve Ratio (CRR) to 4 per cent during the monetary policy (MPC) address on Friday, December 6. The cut, which will be implemented in two phases of 25 basis points each, will take effect on December 14 and December 28.