India's Central Bank Cuts Repo Rate for First Time in Nearly 5 Years
(Reuters) -The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year.
EMIs on home and vehicle loans will come down, making it easier for individuals to repay their debts. A lower repo rate makes ...
Experts are optimistic that the 25 bps cut—the first in nearly five years—will make borrowing cheaper and spur the demand for ...
The repo rate, set by the RBI, influences borrowing costs for banks. A higher repo rate raises FD interest rates, attracting ...
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery ...
The RBI Governor Sanjay Malhotra delivered the first interest rate cut in nearly five years. The RBI MPC reduced the repo ...
The repo rate, till now, stood at 6.5 per cent. The move comes barely a week after the Centre cut personal income tax to ...
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