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.