The Reserve Bank of India (RBI) is expected to reduce policy rates by 50 basis points in the first half of 2025, according to a report by Jefferies. This follows the central banks shift to a neutral liquidity stance and its recent reduction of the Cash Reserve Ratio (CRR) by 50 bps during the last Monetary Policy Committee meeting. The report notes that the CRR cut, bringing it to the pre-COVID level of 4% of Net Demand and Time Liabilities (NDTL), along with a change in liquidity stance, set
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