To support the overall liquidity conditions, RBI decided to lower the cash reserve ratio (CRR) to 4% from 4.50%.
The MPC said that with regards to the domestic growth situation, growth in real GDP in the second quarter at 5.4% turned out to be much lower than anticipated. “This decline in growth was driven ...
Economists emphasized the need to address slowing growth while balancing short-term budgetary priorities with long-term ...