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.
RBI MPC meet: Central Bank cuts repo rate by 25 basis points to 6.25%
The Reserve Bank of India’s monetary policy committee (MPC) today unanimously slashed the repo rate by 25 basis points to 6.25% after keeping the key policy rate unchanged for six consecutive times. The MPC also decided unanimously to continue with the 'neutral' policy stance.
The former revenue secretary in the Ministry of Finance, Malhotra is expected to announce the cuts to lower interest rates ...
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery ...
India Inc. welcomes RBI's rate cut, anticipating further easing and boosting consumption to support economic growth.
3hon MSN
Many economies seem to be settling into a lower-rate environment. That’s in stark contrast with the Federal Reserve, which ...
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