Monetary Policy
In the Sixth Bi-monthly Monetary Policy for FY2024-25, the MPC unanimously decided to reduce policy repo rate by 25 basis points. Consequently, key policy rates stands as: Repo rate at 6.25%, Standing Deposit Facility rate at 6.00% and Marginal Standing Facility and Bank rate at 6.50%.
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Consumer Price Index
The Consumer Price Index (Combined) inflation for January 2025 printed lower at 4.3%, as compared to the previous reading of 5.1%.
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Wholesale Price Index
WPI inflation printed marginally lower at 2.3% in January 2025 as compared to 2.4% in the earlier month, on an annual basis.
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Index of Industrial Production
IIP growth for December 2024 printed at 5.2%, higher than the revised reading of 5.0% for November 2024, on a year-on-year basis
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