India's central bank delivers 1st rate cut in nearly 5 years

India's central bank cuts rates for the first time in nearly five years, forecasts faster growth next year
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 central bank forecast real GDP growth for next fiscal year at 6.7%, and inflation rate at 4.2%.
India’s central bank cuts repo rate by 25 bps to spur growth
The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) on Friday cut the repo rate by 25 basis points to 6.25 per cent. RBI
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 Slashes Rates After 5 Years — Good News For Borrowers, But RBI Governor Has A Warning For India's Economy
In a pivotal move to bolster India's economic growth, the Reserve Bank of India (RBI) has slashed the repo rate for the first time in nearly five years, with Governor Sanjay Malhotra cautioning against global financial turbulence.
India cuts rates for first time in nearly 5 years to boost growth as inflation eases
The Reserve Bank of India (RBI) cut its key interest rate for the first time in nearly five years on Friday, as it seeks to boost the sluggish economy and sees inflation easing towards its 4% target.
India cuts interest rates for the first time in five years
India's central bank has cut interest rates for the first time in nearly five years to counter slowing growth in Asia's third largest economy. The Reserve Bank of India (RBI) reduced its repo rate from 6.
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India's forex reserves rise USD 1.05 bln to USD 630.607 bln
India's forex reserves rose USD 1.05 billion to USD 630.607 billion for the week ended January 31, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by USD ...
India bolsters rupee trade: RBI gives nod for 156 vostro accounts with 26 banks for partner nations
A Special Rupee Vostro Account (SRVA) is a banking arrangement that allows foreign banks to hold Indian rupees in an account ...
India's forex reserves rise for second consecutive week
India's foreign exchange reserves rose for a second straight week and stood at $630.6 billion as of January 31, the Reserve ...
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Rupee Drops, Becomes Worst Performing Asian Currency In 2025
The Indian rupee hit a record low on February 6, declining to 87.5825 against the U.S. dollar, as market concerns over U.S.
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Rupee hitting new low may be good for India. Noted economist Dr Rajiv Kumar explains why
With rupee hitting new lows on almost a weekly basis, former NITI Aayog Vice Chairman Dr Rajiv Kumar bats for a weak currency ...
Here are investment tips for NRIs returning to India
NRIs must navigate common pitfalls such as delays in KYC compliance, overlooking foreign TIN requirements, focusing solely on ...
India's rating upgrade a challenge as debt woes trump fiscal prudence, says Fitch
Despite the Indian government's efforts to consolidate its fiscal position, a sovereign rating upgrade appears challenging ...
Indian rupee depreciated over 1% in Jan, forex dipped by over $70 billion in Oct-Dec, 2024
Even as rupee closed a tad higher against US dollar on Tuesday, Finance Ministry told the Rajya Sabha that the Indian ...