India's Central Bank Delivers First Rate Cut in Nearly 5 Years
MUMBAI (Reuters) - The Reserve Bank of India (RBI) cut its key repo rate on Friday for the first time since May 2020 to provide stimulus to the sluggish economy, which is expected to grow at its slowest pace in four years in the current fiscal year.
By cutting rates, the RBI sends a message that it is ready to support growth, confident that the worst of inflation is over.
The term "reverse repo rate" refers to the interest rate that is paid on deposits. The Reserve Bank of India pays interest on deposits at the reverse repo rate, whereas the repo ...
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery ...
Equated monthly instalments (EMIs) on retail and small business loans are set to fall as large public-sector banks, including ...
Test your knowledge on the RBI’s repo rate with these GK questions and answers! Learn about the latest RBI rate cut, and its ...
According to experts, investors who have invested in debt mutual funds may benefit from some significant tax-saving changes ...
Recently, the Reserve Bank of India has cut the repo rate to 6.50 per cent after leaving it unchanged for 11 consecutive ...
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