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.
The governor said the RBI is introducing an exclusive domain name for banks called 'bank.in', while for non-bank entities in ...
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RBI MPC Highlights: From Repo Rate To CPI Inflation Numbers; Here Are The Major Announcements By Guv MalhotraGovernor Sanjay Malhotra announced the outcomes of its 53rd Monetary Policy Committee (MPC) meeting. The MPC meeting started ...
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