RBI cuts GDP growth projection and CRR, keeps repo rate unchanged at 6.5% RBI cuts GDP growth projection and CRR, keeps repo rate unchanged at 6.5%
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RBI cuts GDP growth projection and CRR, keeps repo rate unchanged at 6.5%

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Pratik Bagaria
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Direct Equity & PMS Fixed Income Investing Macro & Geopolitics Market Outlook Wealth Management

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RBI cuts GDP growth projection and CRR, keeps repo rate unchanged at 6.5% by Pratik Bagaria

Highlights

  • RBI GDP Growth Cut and CRR Reduction
  • Revised GDP Growth Forecast: Adjustment to 6.6% and reasoning.
  • Inflation Exceeds 6%: Drivers and outlook for moderation.
  • Liquidity Injection Measures: CRR reduction to boost credit.
  • GDP Growth Analysis: Factors affecting the forecast.
  • Inflation Dynamics: Current situation and expectations.
  • Dezerv’s Market Outlook: Potential for future interest rate cuts.

Synopsis/Summary

  • The RBI kept the repo rate unchanged at 6.5% but reduced the CRR to inject liquidity.
  • They also lowered the GDP growth forecast from 7.2% to 6.6% due to weaker industrial activity, while inflation breached the 6% mark due to food price shocks.
  • Potential interest rate cuts are expected in early 2025 to support economic revival.
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Written By

Pratik Bagaria

Pratik Bagaria leads Public Market Investments at Dezerv, bringing two decades of experience in managing wealth for high-net-worth individuals and family offices. An IIM Ahmedabad MBA, Pratik has built his career at the intersection of institutional-grade investment thinking and personalised wealth management—combining rigorous analytical frameworks with an intuitive understanding of each client\'s unique financial landscape.

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