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.
The repo rate, set by the RBI, influences borrowing costs for banks. A higher repo rate raises FD interest rates, attracting ...
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The Indian stock market ended in the red on Friday following the Reserve Bank of India's (RBI) announcement of a 25 basis ...
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