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.
Sanjay Malhotra, who just became the 26th Governor of the Reserve Bank of India, led his first MPC meeting amid economic ...
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RBI Monetary Policy 2025, MPC Meeting LIVE UPDATES: Governor Sanjay Malhotra cuts repo rate by 25bps, 1st since May 2020RBI had last reduced the repo rate by 40 basis points to 4 per cent in May 2020 to help the economy tide over the crisis ...
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