India's Central Bank Cuts Repo Rate for First Time in Nearly 5 Years
(Reuters) -The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year.
The Reserve Bank of India's (RBI) first interest rate cut in nearly five years will not be enough to spur loan growth since ...
The repo rate, set by the RBI, influences borrowing costs for banks. A higher repo rate raises FD interest rates, attracting ...
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Many economies seem to be settling into a lower-rate environment. That’s in stark contrast with the Federal Reserve, which ...
The Indian rupee strengthened on Friday after struggling for most of the week as global markets were jolted by fears of a ...
A clutch of key regulations was to come into force in the next few months. These include asking banks to set aside a higher ...
The central bank set the real GDP growth forecast at 6.7% for the fiscal year of 2026 while the inflation rate lower at 4.2%.
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery ...
The RBI has reduced the repo rate by 25 basis points to 6.25%, maintaining a neutral stance. Governor Sanjay Malhotra said ...
Today’s RBI rate cut is seen as the start of a rate-cut cycle that could lead to a gradual decline in the interest rates ...
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