| Title | RBI Cuts Interest Rates for First Time Since 2020 to Boost Growth |
|---|
| URL | https://www.easterneye.biz/india-rbi-cut-interest-rates/ |
|---|
| Category | Media News --> Newspapers |
|---|
| Meta Keywords |
UK,US,News |
|---|
| Meta Description | India’s central bank, the Reserve Bank of India (RBI), has cut interest rates for the first time since 2020, reducing the benchmark repo rate by 25 basis points to 6.25%. |
|---|
| Owner | easterneye |
|---|
| Description |
|---|
| India’s central bank, the Reserve Bank of India (RBI), has cut interest rates for the first time since 2020, reducing the benchmark repo rate by 25 basis points to 6.25%. The decision aims to support economic growth amid easing inflation concerns. While inflation has slowed, India’s economic expansion has also weakened, prompting a shift in monetary policy. The move follows recent government efforts to boost consumer spending. |
