New central bank governor Sanjay Malhotra loosens monetary policy despite high inflation hitting consumer spending ...
The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday to provide ...
EMIs on home and vehicle loans will come down, making it easier for individuals to repay their debts. A lower repo rate makes ...
RBI had last reduced the repo rate by 40 basis points to 4 per cent in May 2020 to help the economy tide over the crisis following the outbreak of the Covid pandemic and subsequent lockdown.
The RBI's MPC, in a unanimous decision, lowered the repo rate in a bid to stimulate economic activity by making borrowing cheaper, thereby encouraging spending and investment.
RBI's Monetary Policy Committee, under new Governor Sanjay Malhotra, forecasts inflation at 4.2% for the coming fiscal year, ...
The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday to provide stimulus ...