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India central bank delivers 1st rate cut since 2020
Indian banks needs more than a rate cut to boost lending, bankers say
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 tight liquidity conditions will prevent banks from passing on the benefits,
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.
India's central bank cuts rates for the first time in nearly five years, forecasts faster growth next year
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 central bank forecast real GDP growth for next fiscal year at 6.7%, and inflation rate at 4.2%.
1d
Reactions to RBI repo rate cut
The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide ...
The Financial Express
16h
RBI cuts repo rate by 25 bps! Your bank will slash fixed deposit rates now? Check what top banks are offering on FDs
The repo rate, set by the RBI, influences borrowing costs for banks. A higher repo rate raises FD interest rates, attracting ...
2h
Foreign banks, brokerages see RBI cutting rates by another 25 basis points in April
Foreign banks and brokerages anticipate RBI to cut repo rate by 25 bps in April, with focus on liquidity and growth.
21h
Rupee sidesteps RBI rate cut to end up but posts worst week in over 2 years
The Indian rupee strengthened on Friday after struggling for most of the week as global markets were jolted by fears of a ...
1h
RBI Rate Cut Impact: How Much You Will Save On Home Loan EMI For Rs 30 Lakh Over 20 Years?
Even with a modest interest rate reduction, a borrower who takes out a loan for a home of Rs 30 lakh over 20 years saves a ...
1d
on MSN
CNBC Daily Open: Global central banks are lowering rates — the Fed might not be as inclined
Many economies seem to be settling into a lower-rate environment. That’s in stark contrast with the Federal Reserve, which ...
22h
RBI's repo rate cut welcomed by bank leaders, expected to ensure liquidity while monitoring inflation
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery ...
cnbctv18
19h
RBI MPC Meeting Highlights: Central bank announces 25 basis points rate cut, Governor Sanjay Malhotra calls it 'symbolic'
The RBI has reduced the repo rate by 25 basis points to 6.25%, maintaining a neutral stance. Governor Sanjay Malhotra said ...
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