India’s Consumer Price Index (CPI) inflation eased to 5.48% YoY in November 2024 from 6.21% in the previous month. The decline in headline inflation was largely driven by a fall in food inflation to 8.2% YoY in November 2024 from…

The RBI Monetary Policy Committee (MPC) decided to maintain the repo rate at 6.5% in the December 2024 meeting, with the monetary policy stance also remaining unchanged. However, the RBI reduced the Cash Reserve Ratio (CRR) by 50 bps, injecting…