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RBI holds rates again to keep inflation down

The Morning Standard

|

December 07, 2024

In balancing act, cuts cash reserve ratio and frees up ₹1.16 lakh crore to support growth

- BENN KOCHUVEEDAN

RBI holds rates again to keep inflation down

THE Reserve Bank of India (RBI) on Friday chose to stay the course on inflation control, refusing to make any knee-jerk reaction to the growth slump reported in the second quarter with a repo rate cut.

RBI's monetary policy committee (MPC) led by governor Shaktikanta Das decided to maintain the repo rate at 6.5% for the 11th time on the trot. The last time it changed the repo rate—the interest rate at which RBI lends money to commercial banks—was in February 2023, when it raised it by 25 basis points.

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Over 150 booked for wrong-way driving in city

THE Delhi Police has registered over 150 cases in 17 days against motorists for driving against the flow of traffic in the national capital, with south and New Delhi ranges emerging as major hotspots, official data showed.

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January 22, 2026

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World’s biggest nuclear plant back online in Japan

THE world’s largest nuclear power plant restarted on Wednesday in north-central Japan for the first time since the 2011 Fukushima nuclear meltdown, as resource-poor Japan accelerates atomic power use to meet soaring electricity needs.

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January 22, 2026

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SC worried over drying up of Chandigarh lake

THE Supreme Court on Wednesday expressed concern over the deteriorating condition of Sukhna Lake in Chandigarh, as a bench headed by Chief Justice of India (CJI) Surya Kant remarked, “Aur kitna sukhaoge Sukhna Lake, ko?” (How much are you going to ruin Lake Sukhna).

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Murder, rape cases decline, police post high disposal rate

DELHI Police solved over 95 per cent of murder cases and more than 97 per cent of rape cases reported in the city last year, with data also showing a decline in the number of such crimes in 2025.

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January 22, 2026

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Raj 2nd state to bring in Disturbed Areas Act

THE Rajasthan cabinet decided on Wednesday to implement the Disturbed Areas Act, becoming the second state after Gujarat to do so.

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January 22, 2026

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Jason Schmidt joins Angelina Jolie's Sunny

ACTOR Jason Schmidt has boarded director Eva Sorhaug’s film Sunny, which will also star Angelina Jolie.

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January 22, 2026

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