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.
On the day, the currency rose about 0.2% to end at 87.4250 against the U.S. dollar. It declined by nearly 1% on the week though, its worst weekly performance since December 2022. Asian currencies were ...
The Reserve Bank of India reduced the repo rate by 25 basis points, lowering it to 6.25%, under the leadership of new ...
RBI’s comments come amid rising calls to exclude food inflation from the calculation of headline CPI inflation, first brought ...
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.
The Reserve Bank of India forecasted India's GDP to grow at 6.7% in FY26, with quarterly projections at around 6.5%-7%. The ...
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The Reserve Bank of India cut the benchmark repo rate by 25 basis points on February 7, aiming to boost the slowing economy.
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RBI MPC: Governor Sanjay Malhotra Announces 'Fin.in' Domain For Banks. Here's How It Will HelpGovernor Sanjay Malhotra revealed that banks will soon operate under an exclusive domain name, ‘fin.in,’ as a measure to curb ...
The Reserve Bank of India cut its policy rate for the first time in nearly five years as economic growth slows and inflation ...
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