India cuts rates for first time in nearly 5 years to boost growth as inflation eases
The Reserve Bank of India (RBI) cut its key interest rate for the first time in nearly five years on Friday, as it seeks to boost the sluggish economy and sees inflation easing towards its 4% target.
India can achieve 7% growth rate and should aspire for more: RBI Governor
"India can achieve 7 per cent growth rate and above, and we should aspire for that," Malhotra said. The RBI maintained its gross domestic product (GDP) projections for financial year 2024-25 (FY25) at 6.6 per cent and project GDP growth at 6.7 per cent for FY26.
India cuts key interest rate for first time since 2020 amid slowing growth
Reserve Bank of India announces first rate cut in nearly five years as world’s most populous nation faces slowdown.
India central bank cuts rates for the first time in nearly five years, forecasts faster growth next year
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 central bank forecast real GDP growth for next fiscal year at 6.
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.
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.
RBI Policy Full Text: Governor Sanjay Malhotra's full speech on Repo Rate, inflation and GDP growth
The RBI, under new Governor Sanjay Malhotra, reduced the interest rate for the first time in nearly five years on Friday to support a slowing economy. The 25 basis points cut brings the policy rate down to 6.
RBI MPC slashes repo rate after 5 years. Is another cut likely this year? Experts answer
The Reserve Bank of India cut the repo rate by 25 basis points to 6.25%, marking its first reduction in nearly five years. The central bank aims to balance inflation control with economic growth, maintaining a neutral stance amid mixed expert reactions.
RBI under new Governor cuts interest rate for first time in 5 years
Home, auto and other loans are likely to see a drop in interest rates after the Reserve Bank of India under a new Governor cut the key benchmark rate on Friday for the first time in almost five years
RBI cuts repo rate to 6.25%, first cut in 5 years
In line with market expectations, the Reserve Bank of India's Monetary Policy Committee (MPC) cut the key repo rate by 0.25 per cent to 6.25 per cent. This is the first rate cut in nearly 5 years and signals a shift in the central bank's policy to aid economic growth.
RBI’s Malhotra ends record pause, cuts rate 25 bps on easing inflation, global risks
Mumbai: RBI's monetary policy committee (MPC) has cut the repo rate by 25 basis points to 6.25%, ending the longest pause in the history of the monetary policy framework. Announcing the decision, RBI governor Sanjay Malhotra said the move was driven by easing inflation and concerns over global risks slowing growth.
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