US EditionIndia’s central bank cuts policy rate by 25 basis points to 6% to boost slowing growth
- India's central bank, the Reserve Bank of India , has cut its policy rate by 25 basis points to 6% to stimulate growth, according to Governor Sanjay Malhotra during the monetary policy meeting.
- This rate cut can lead to lower home loan interest rates, which may fall below 8%, benefiting borrowers across the country.
- The RBI's previous rate cut marked the first decrease in almost five years, driven in part by lower-than-expected inflation and declining oil prices, as reported in the latest economic assessments.
- India's economy grew by 6.5% last year, but Goldman Sachs has reduced its growth forecast to 6.1% from 6.3%, indicating ongoing economic challenges.
112 Articles
112 Articles
Interest Rate Cuts Drive Positive Sentiment in Indian Automotive Sector
Interest Rate Cuts Drive Positive Sentiment in Indian Automotive Sector The Reserve Bank of India has made headlines by cutting the key interest rate by 25 basis points, providing a welcome boost to the automotive sector. The rate now stands at 6 percent, down from its previous mark after consecutive cuts meant to stimulate the economy amid easing inflation and decreasing oil prices.This rate reduction is expected to significantly lower financin…
The central bank has reduced the cost of money by another quarter of a point to support the fifth economy on the planet
India’s Central Bank cuts interest rates amid global economic uncertainty
India’s central bank cut interest rates in the world’s fifth-largest economy on Wednesday as US President Donald Trump’s tariffs kicked in and policymakers warned of “challenging global economic conditions”. The cut, the second this year, aims to boost a slowing economy grappling with the impact of Trump’s sweeping tariffs. The Reserve Bank of India (RBI)
India central bank cuts rates as US tariffs add to risks
The Reserve Bank of India (RBI) has today lowered its key repo rate for a second consecutive time and changed its monetary policy stance signalling room for more cuts ahead, as it seeks to boost the sluggish economy in the face of fresh US tariffs.
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