Consider the following statements regarding the Reserve Bank of India's (RBI) Monetary Policy Statement for 2024-25 (February 2025):
- The Monetary Policy Committee (MPC) reduced the policy repo rate by 25 basis points to 6.25%.
- The Consumer Price Index (CPI) inflation for 2024-25 is projected at 4.8%.
- The Cash Reserve Ratio (CRR) was reduced by 50 basis points to 3.5%.
Which of the above statements is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1 only
5
3 only