The central bank set the real GDP growth forecast at 6.7% for the fiscal year of 2026 while the inflation rate lower at 4.2%.
The repo rate cut is expected to lower interest rates on loans, particularly benefiting homebuyers and other borrowers.
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.
The repo rate, set by the RBI, influences borrowing costs for banks. A higher repo rate raises FD interest rates, attracting ...
Turkey’s central bank on Friday will unveil fresh inflation projections for 2025 and beyond, providing guidance to investors ...
Nomura Chief Economist Rob Subbaraman warns that US President Donald Trump's escalating tariffs create a complex economic dilemma for central banks across Asia.
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