India’s central bank
India’s Central Bank Cuts Interest Rates to Boost Growth
India’s central bank has lowered its interest rates by half a percent, marking the third consecutive cut, to stimulate domestic consumption and investment amid rising global uncertainties. Reserve Bank of India (RBI) Governor Sanjay Malhotra explained that growth is “lower than our aspirations” and the bank felt it was “imperative to stimulate domestic consumption and […]
Global Economic Uncertainty: India’s Central Bank Cut Interest Rates
India’s central bank, the Reserve Bank of India (RBI), has cut interest rates for the second time this year to boost a slowing economy grappling with the impact of US President Donald Trump’s tariffs. The benchmark repo rate, at which the RBI lends to commercial banks, has been reduced by 25 basis points to 6 […]