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.
RBI MPC retained India's Consumer Price Inflation (CPI) forecast for the financial year 2025 at 4.8 per cent. For the next ...
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery ...
Asian News International on MSN1h
RBI rate cut fails to cheer markets, amid volatility; Sensex, Nifty close in redThe BSE Sensex declined by 197.97 points, closing at 77,860.19, while the NSE Nifty lost 43.40 points, ending the session at 23,559.95. Out of the Nifty 50 stocks, 28 advanced while 23 declined.
The value of the Indian Rupee (₹) is influenced by several factors, with two of the most important being interest rates and inflation. Let’s explore how these elements impact the rupee and why the ...
(Reuters) -Indian biscuit maker Britannia Industries beat third-quarter profit estimates on Thursday, as price hikes helped ...
The message from India's Budget 2025 was subtle, yet clear: the middle-income class has to spend more to boost corporate ...
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