India central bank cuts rates for first time in nearly 5 years; signals less restrictive approach
MUMBAI: The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday (Feb 7) and signalled a less restrictive policy approach ahead, as it seeks to provide stimulus to the sluggish economy.
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery ...
9hon MSN
Many economies seem to be settling into a lower-rate environment. That’s in stark contrast with the Federal Reserve, which ...
Recently, the Reserve Bank of India has cut the repo rate to 6.50 per cent after leaving it unchanged for 11 consecutive ...
The Reserve Bank of India cut its policy rate for the first time in nearly five years as economic growth slows and inflation ...
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