RBI has a 3 body problem, CRR cut may be first painkiller in its prescription

  • Posted on December 2, 2024
  • By Business News Today
  • 2 Views
RBI has a 3 body problem, CRR cut may be first painkiller in its prescription

India's Q2 real GDP growth slowed to 5.4%, the weakest in seven quarters, creating a dilemma for the Reserve Bank of India (RBI). As the Monetary Policy Committee (MPC) meets from December 4-6, it may shift focus from inflation management to supporting growth. Experts suggest RBI Governor Shaktikanta Das may cut the cash reserve ratio (CRR) before reducing interest rates in February.
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