Reserve Bank of India (RBI) Governor Shaktikanta Das indicated on Friday that the central bank now has sufficient policy space to consider a reduction in the benchmark repo rate, as macroeconomic indicators show signs of stabilization and cooling inflation. Speaking at an event in Mumbai, Das suggested that the Monetary Policy Committee (MPC) is closely…
RBI cuts the repo rate to 5.25% amid stable growth and moderate inflation, aiming to further stimulate the Indian economy.
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) voted unanimously to maintain the benchmark repo rate at 6.5% on Thursday, marking a period of extended policy stability in Mumbai. While the central bank reiterated its commitment to aligning inflation with its 4% target, it simultaneously downgraded its economic growth projections, forecasting a deceleration…
