RBI Policy: MPC Cuts Cash Reserve Ratio By 50 Bps To 4%; Market Turns Positive
06 Dec 2024
In a crucial policy move, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to cut the Cash Reserve Ratio (CRR) by 50 basis points (bps), bringing it down to 4%. This reduction, effective from December 14 and 28, 2024, marks the restoration of the CRR to...
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