RBI cuts repo rate by 25 bps
Fortune India · 53m
RBI MPC meet: India can soar past 7% growth as inflation cools, says RBI governor Sanjay Malhotra
The MPC under the new RBI governor will have to walk a tightrope between taming inflation and boosting economic growth. India’s GDP growth in Q2 FY25 slipped to a seven-quarter low of 5.4%. The monetary policy committee forecasts India’s gross domestic product (GDP) to grow at 6.7% in the financial year 2025-26.
NBC New York · 9h
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.
Sanjay Malhotra, who just became the 26th Governor of the Reserve Bank of India, led his first MPC meeting amid economic ...
The governor said the RBI is introducing an exclusive domain name for banks called 'bank.in', while for non-bank entities in ...
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