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's 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 foreign exchange reserves are declining. As of the week ending January 3, the reserves dropped by USD 5.69 billion, reaching USD 634.58 billion, according to the Reserve Bank of India ...
India's central bank on Monday announced a host of measures to inject liquidity in the banking system, including bond ...
The Reserve Bank of India (RBI) mandates that banks will remain closed for regional and national holidays depending upon the state Banks in Chandigarh will be closed on Monday, January 6 ...
The Reserve Bank of India (RBI) added 8 tonnes of gold to its reserve in November 2024, the World Gold Council (WGC) said in a report on Monday. The WGC in its report has said that central ...
The Reserve Bank of India (RBI) will defer the implementation of three proposed crucial banking regulations, giving lenders ample time to prepare for the changes, the central bank governor said on ...
India’s central bank is introducing an exclusive “.bank.in” domain for banks from April 2025 as part of efforts to combat rising digital payment frauds and bolster trust in online banking services.
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