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.
The repo rate, set by the RBI, influences borrowing costs for banks. A higher repo rate raises FD interest rates, attracting ...
The Reserve Bank of India's (RBI) first interest rate cut in nearly five years will not be enough to spur loan growth since ...
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Tax and RBI rate cut relief: After relief in EMI and tax, now the common man will spend more on these things..The year 2025 is proving to be lucky for the common man. First the common man got tax exemption on income of 12 lakhs in the ...
Reserve Bank of India (RBI) has reduced the Bank Rate by 25 basis points, lowering it from 6.75% to 6.50%, effective immediately. This revision follows the announcement in the Monetary Policy ...
The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points to 6.25%, the first cut since 2020, under new ...
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Many economies seem to be settling into a lower-rate environment. That’s in stark contrast with the Federal Reserve, which ...
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery ...
The RBI has reduced the repo rate by 25 basis points to 6.25%, maintaining a neutral stance. Governor Sanjay Malhotra said ...
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