However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery

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) six-member Monetary Policy Committee (MPC) on Friday cut the repo rate by 25 basis points to 6.25 per cent.

The RBIs 25 basis-point rate cut is consistent with the global monetary easing trend, which aims to boost economic expansion. The RBIs careful approach to striking a balance between inflation worries and GDP stability makes Indias action noteworthy,

The Reserve Bank of India (RBI) will have to look for additional measures other than a rate cut to infuse enough liquidity in the banking system according to a report by Emkay Research.Among other options suggested by Emkay Research,

The Reserve Bank of India is widely expected to cut interest rates for the first time in nearly five years. This is according to a Reuters survey of economists and analysts. Inflation in India has declined;