The Reserve Bank's credit policy was on expected lines, and the reduction in the cash reserve ratio (CRR) would help support growth, after the sharp downward revision in the forecast for the current financial year, opined experts.
The RBI on Friday kept its key interest rate unchanged citing inflation risks, but cut the Cash Reserve Ratio that banks are required to park with the central bank, boosting money with lenders to support a slowing economy.
Harsha Vardhan Agarwal, President, FICCI, said that while the RBI's stance on the repo rate was widely expected, the industry body welcomes the 50-bps cut in the CRR rate.
This story is from the December 07, 2024 edition of The Free Press Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 07, 2024 edition of The Free Press Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Get Crafty, Get Cooking, Get Active: Your Ultimate Fun Weekend Guide!
Hey there, future birdwatchers, chefs, and crafters! This weekend, it's time to spread your wings and join in the National Bird Day fun!
Rohit opts out, Bumrah may lead
Border-Gavaskar Trophy 5th Test
Athlete gets Arjuna Award 52 yrs after historic feat
The Sports Ministry made some more course corrections and awarded the Arjuna Award (Lifetime) to para-swimmer Murlikant Rajaram Petkar, India's first gold medalist in the Paralympic Games, conferring on him the prestigious award 52 years after he made history for the country in Heidelberg, Germany.
We Train Our Kids To Be Risk-Averse
YOUNGEST INDIAN MOUNTAINEER TO CONQUER SEVEN SUMMITS SAYS...
Para-athletes Outnumber Able-bodies in Sports Awards
MANU, GUKESH AMONG KHEL RATNA AWARDEES
Ranveer sent me a DM: Rohan Gurbaxani
In the last two years, actor Rohan Gurbaxani has been regularly seen in an interesting bunch of projects, including the Karan Johar directorial Rocky Aur Rani Kii Prem Kahaani (2023) which had Ranveer Singh and Alia Bhatt, Kho Gaye Hum Kahan (2023) with Ananya Panday and Bandish Bandits.
Diljit Meets PM Modi
Punjabi actor-singer Diljit Dosanjh shares his perspective on Mera Bharat Mahaan with Prime Minister Narendra Modi
Arjun, Bhumi-starrer Mere Husband Ki Biwi gets a release date
Actors Arjun Kapoor, Bhumi Pednekar, and Rakul Preet Singh will be seen sharing screen space in a film titled Mere Husband Ki Biwi.
Ranveer's Dhurandhar look leaks online
In the viral leaked photos, Ranveer can be seen sporting a turban, marking the first time he will appear in one on screen
Empowering Unstoppable story
JLo feels the subject of her new movie deserves all the attention
