Both decisions were made by a 4-to-2 majority. “Ensuring price stability will ensure growth. With GDP growth holding well, we decided to hold the repo rate,” Governor Shaktikanta Das said after the 50 ...

India’s Q2FY25 GDP growth surprised negatively at 5.4% YoY (below estimate of 6.6%). The deceleration in growth is led by moderation in investment spending at 5.4% YoY compared with 7.5% YoY in Q1.

Calls for a CRR cut have intensified amid tight liquidity in the banking system and the slowdown in GDP growth. A CRR ...