RBI Monetary Policy Live: No decision has yet been taken on BRICS currency, says Shaktikanta Das

RBI Monetary Policy Committee led by Governor Shaktikanta Das has kept the repo rate unchanged at 6.5%. After detailed assessment of macroeconomic outlook MPC decided by 4:2 to keep repo rate unchanged, says Shaktikanta Das. In other key decision on expected lines, CRR to be cut in two tranches of 25 basis points each in two fortnights beginning December 14 and December 28. Stay with us for latest on RBI MPC

RBI Monetary Policy Live: 'Repo rate at 6.5% reflects a prudent, balanced approach'

“The RBI's decision to retain the repo rate at 6.5% was widely expected and reflects a prudent, balanced approach to managing growth while keeping inflation within the tolerable range. The reduction of the Cash Reserve Ratio (CRR) by 50 basis points is an encouraging move, as it will inject significant liquidity into the banking system, enhance banks' lending capacity, and improve credit accessibility for individuals. Markets had already anticipated today's policy to be neutral, with a positive sentiment reflected yesterday.” - Bajaj Broking Research Team

RBI Monetary Policy Live: 'CRR cut has marked the beginning of monetary easing,' says Aditya Birla Sun Life AMC

MPC kept policy rates & stance unchanged and added liquidity by cutting CRR. Given uncertain global scenario & stubborn food inflation, keeping rates on hold show RBI commitment to financial stability and inflation framework. Liquidity easing will enable bank to support growth needs. More data on growth slowdown will make growth focus measures in next year. We believe that CRR cut has marked the beginning of monetary easing which will likely gain steam once food inflation starts declining from December onwards. Absent a major global shock, conditions are ripe for a cut in February. - Kaustubh Gupta, Co-Head Fixed Income, Aditya Birla Sun Life AMC Ltd.