India’s central bank beats market expectations to deliver outsized rate cut of 50 points
- India’s central bank cut its benchmark repo rate by 50 basis points on Friday, lowering it from 6% to 5.5%, marking the third consecutive reduction.
- The rate cut followed two previous reductions in February and April amid falling inflation, slower growth, and concerns over US tariffs affecting exports.
- Retail inflation fell to 3.16% in April, the lowest in six years, driven mostly by lower food prices and a promising monsoon forecast supporting rural economy stability.
- The RBI, under Governor Sanjay Malhotra's leadership, noted that economic growth is not meeting expectations, prompting a rate cut aimed at boosting domestic spending and investment amid ongoing global challenges.
- Analysts expect the rate cuts, now making borrowing cheaper, to help revive demand, improve household purchasing power, and support a 6.5% growth projection for 2025-26.
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RBI's Bold Rate Cut: Boosting India's Auto Sector Growth
RBI's Bold Rate Cut: Boosting India's Auto Sector Growth In a strategic move, the Reserve Bank of India has slashed the repo rate by 50 basis points, a decision likely to rejuvenate the auto sector through more affordable loan options, according to the Society of Indian Automobile Manufacturers (SIAM).This rate reduction comes as growth has dipped to a four-year low, with the new policy rate now at a three-year low of 5.5 percent. The Automotive…
·India
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Reserve Bank could deliver shoppers plenty of pre-Christmas cheer
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·Sydney, Australia
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