MPC meet: Status quo on rates, cut in CRR to ease liquidity pain

The Reserve Bank of India held policy rates steady but lowered the cash reserve ratio to potentially ease borrowing costs. GDP growth projections for FY25 were reduced to 6.6% while inflation estimates were raised to 4.8%. The central bank also temporarily lifted the cap on interest rates on US dollar deposits to address the rupee's slide.

from Economic Times https://ift.tt/BQ3cop2