Growth tops RBI agenda as outsized repo, CRR cuts buoy banks
- Posted on June 6, 2025
- By Business News Today
- 2 Views
Growth tops RBI agenda as outsized repo, CRR cuts buoy banks
In a surprise move, the Reserve Bank of India (RBI) slashed the policy rate to 5.5% and reduced the cash reserve ratio (CRR) to 3%, injecting ₹2.5 lakh crore into the banking system. Governor Sanjay Malhotra emphasized boosting growth, supported by a 5-1 vote from the Monetary Policy Committee (MPC).
