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 MPC meet: Repo rate cut by 25 basis points to 6.25%
The Reserve Bank of India’s monetary policy committee (MPC) today unanimously slashed the repo rate by 25 basis points to 6.25% after keeping the key policy rate unchanged for six consecutive times. The MPC also decided unanimously to continue with the 'neutral' policy stance.
The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has ...
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The RBI has announced the launch of exclusive internet domains, 'bank.in' for Indian banks and 'fin.in' for non-bank ...
The Reserve Bank of India seeks to boost the sluggish economy and sees inflation easing towards its 4% target.
RBI Governor Sanjay Malhotra urges banks to address IT risks, enhance financial inclusion, and combat rising digital frauds ...
The RBI Governor, while unveiling the last bi-monthly monetary policy of this fiscal year, said registrations for 'bank.in' ...
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 ...
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 ...
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