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.
India's central bank delivers first rate cut in nearly 5 years
The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday to provide stimulus to the sluggish economy, which is expected to grow at its slowest pace in four years in the current fiscal year.
Governor Sanjay Malhotra announced on Friday that the central bank is introducing the 'bank.in' exclusive Internet Domain for ...
The bank last cut them in May 2020. The RBI's decision comes less than a week after the government unveiled sweeping income ...
The Reserve Bank of India reduced its key interest rates for the first time in nearly five years with an aim to boost economic ...
This initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure ...
RBI Governor Sanjay Malhotra has introduced an exclusive '.bank.in' internet domain for Indian banks to combat financial ...
The Indian rupee rose in early trading on Friday, tracking the gains in most Asian currencies, while dollar-rupee forward ...
The Reserve Bank of India has announced bank holidays for February 2025 with state-specific holidays for festivals and si ...
The central bank was able to consider a rate cut as inflation, which is the main focus of the monetary policy, has been ...
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