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.
The MPC under the new RBI governor will have to walk a tightrope between taming inflation and boosting economic growth. India ...
At last. After dodging interest rate cuts for five years, the Reserve Bank of India acted in deference to its new policy ...
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery ...
Highlights: The Reserve Bank of India has cut repo rate by 25 bps to 6.25% for the first time in nearly five years. RBI's ...
The Reserve Bank of India cut its policy rate for the first time in nearly five years as economic growth slows and inflation ...
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