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RBI Monetary Policy Update - December 2024

Repo Rate unchanged at 6.50 per cent
10 December 2024
    Local Market Commentary
    Download the full reportPDF, 400.94KB

    RBI Monetary Policy Update - December 2024

    The Monetary Policy Committee (MPC) came out with their bi-monthly policy statement on December 06, 2024. Some of the key announcements are as follows:

    • The MPC decided by a majority of 4 out of 6 members to keep the policy Repo Rate unchanged at 6.50 per cent. Two members of the committee voted to reduce the policy repo rate by 25 basis points
    • Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and Bank Rate at 6.75 per cent
    • The MPC also decided unanimously to continue with the neutral stance of monetary policy and to remain unambiguously focused on a durable alignment of inflation with the target, while supporting growth

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