BREAKING: RBI cuts repo rate by 25 basis points to 6.25%
T he Reserve Bank of India (RBI) on Friday announced a 25 basis points (bps) cut in the policy repo rate, with the Monetary Policy Committee (MPC) voting unanimously in favour of the decision. The MPC also decided to maintain a ‘neutral’ stance while reiterating its commitment to bringing inflation within the target range on a durable basis.
RBI MPC Meeting Live Updates: RBI likely to slash rates by 25 basis points, says SBI Research
The former revenue secretary in the Ministry of Finance, Malhotra is expected to announce the cuts to lower interest rates for economy’s growth which is expected to reach a four year low.
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.
VIEW India's central bank cuts repo rate for first time in nearly 5 years
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.
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.
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