Name: RBI Slashes CRR, Holds Repo Rate: What It Means For You | Explained
Uploaded: 2024-12-06T19:52:10+05:30
Channel: https://indianexpress.com/
Description: In this explainer, we break down the Reserve Bank of India's latest policy decisions: a 50-basis point cut in the Cash Reserve Ratio (CRR) and a steady Repo rate at 6.5%. Find out why the RBI made these moves, their impact on bank liquidity, and what it means for borrowers. Plus, what does the RBI's revised growth and inflation forecasts tell us about the economy?