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.
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 decision by RBI on Friday to reduce its key rate for the first time in five years comes less than a week after the ...
The Reserve Bank of India seeks to boost the sluggish economy and sees inflation easing towards its 4% target.
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RBI rate cut fails to cheer markets, amid volatility; Sensex, Nifty close in redThe BSE Sensex declined by 197.97 points, closing at 77,860.19, while the NSE Nifty lost 43.40 points, ending the session at 23,559.95. Out of the Nifty 50 stocks, 28 advanced while 23 declined.
DBS' Taimur Baig welcomes India's trade policy rethink especially as its U.S. trade exposure could turn into a key chokepoint ...
India’s central bank, the Reserve Bank of India, on Friday announced a 25 basis points (bps) cut in the repo rate – the rate ...
The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points to 6.25%, the first cut since 2020, under new ...
The Reserve Bank of India forecasted India's GDP to grow at 6.7% in FY26, with quarterly projections at around 6.5%-7%. The ...
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A Special Rupee Vostro Account (SRVA) is a banking arrangement that allows foreign banks to hold Indian rupees in an account ...
India’s central bank is introducing an exclusive “.bank.in” domain for banks from April 2025 as part of efforts to combat rising digital payment frauds and bolster trust in online banking services.
On the day, the currency rose about 0.2% to end at 87.4250 against the U.S. dollar. It declined by nearly 1% on the week though, its worst weekly performance since December 2022. Asian currencies were ...
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