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.
When interest rates decrease, the bonds within debt funds, especially those with higher coupon rates, become more valuable as ...
Banks will observe several regional holidays in February. Customers can use digital banking services for various financial and non-financial transactions. Check the state-wise holiday calendar for ...
The repo rate directly affects daily life by influencing overall interest rates. It is the rate at which the RBI lends money to commercial banks.
India’s foreign exchange reserves are declining. As of the week ending January 3, the reserves dropped by USD 5.69 billion, reaching USD 634.58 billion, according to the Reserve Bank of India ...
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