RBI Monetary Policy: RBI MPC cuts repo rate by 25 bps, Bringing It down to 6.0% from 6.25%
Recording a relative balance between optimism and caution, the Reserve Bank of India (RBI) preferred 25 basis points of cautious repo rate cuts that would make room for any contingencies of the global economy and weather disturbances. The announcement on April 9 indicates the central bank’s well-calibrated approach toward supporting growth while keeping an eye … Read more