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.
The RBI announced a 25-basis-point rate cut to 6.25% on February 7, its first in nearly five years. While the market had ...
Monetary Policy Committee (MPC) has decided to cut the repo rate for the first time in two years, reducing it by 25 basis ...
The MPC’s decision to reduce borrowing costs complements these efforts, making credit more accessible to businesses and ...
Rate-sensitive sectors reacted mixed after RBI’s 25 basis points repo rate cut to 6.25%. The BSE Sensex fell 328 points, ...
The Indian rupee rose in early trading on Friday, tracking the gains in most Asian currencies, while dollar-rupee forward ...
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