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.
RBI Rate Cut Boosts India's Economic Growth
RBI's decision to cut interest rates for the first time in five years is expected to stimulate economic growth in India, according to industry leaders. The rate cut complements recent budget measures and sets the stage for further easing of interest rates in the near term.
The RBI cut the repo rate by 25 basis points to 6.25%, marking its first reduction in five years. The monetary stance remains ...
In a big relief to home loan borrowers RBI has finally reduced the repo rate by 25 basis points in its monetary policy ...
The Standing Deposit Facility (SDF) rate remains unchanged at 6.5 percent, as do the Marginal Standing Facility (MSF) and ...
The first RBI Monetary Policy Committee meeting of 2025 began on February 5, with everyone eagerly awaiting Governor Sanjay ...
The Reserve Bank of India cut the repo rate by 25 basis points to 6.25%, marking its first reduction in nearly five years.
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The repo rate cut, combined with the benefits from the revised tax slabs announced in the Union Budget 2025 for the new tax ...
However, industry stakeholders also cautioned about the depreciating rupee, lenders' ability to pass on the benefits of the ...
Retail borrowers who have taken floating rate loans will see their EMIs shrink as banks pass on the benefit of lower repo ...
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