India central bank cuts rates for first time in nearly 5 years; signals less restrictive approach
MUMBAI: The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday (Feb 7) and signalled a less restrictive policy approach ahead, as it seeks to provide stimulus to the sluggish economy.
India cuts policy rate for the first time in nearly five years, new central bank governor Malhotra says
The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The Monetary Policy Committee decided to trim the repo rate by 25 basis points to 6.
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RBI MPC: Governor Sanjay Malhotra Announces 'Fin.in' Domain For Banks. Here's How It Will HelpGovernor Sanjay Malhotra revealed that banks will soon operate under an exclusive domain name, ‘fin.in,’ as a measure to curb ...
The RBI announced a 25-basis-point rate cut to 6.25% on February 7, its first in nearly five years. While the market had ...
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All six members voted unanimously for the rate cut while maintaining a neutral stance. The rate cut comes even as the past ...
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This move comes as part of an effort to curb practices that lead to consumer detriment and to ensure a level playing field in ...
The Reserve Bank of India cut its policy rate for the first time in nearly five years as economic growth slows and inflation ...
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