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.
Auto industry welcomes RBI rate cut, expecting positive impact on sector with increased accessibility and affordability for ...
Recently, the Reserve Bank of India has cut the repo rate to 6.50 per cent after leaving it unchanged for 11 consecutive ...
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery ...
RBI Cuts Repo Rate for the First Time in Five Years Reserve Bank of Indias Monetary Policy Committee decided to reduce the ...
A lower repo rate means banks can borrow funds at a lower cost from the central bank and are expected to pass on the lower ...
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