India's central bank delivers 1st rate cut in nearly 5 years

India's central bank delivers first rate cut in nearly 5 years
The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday to provide stimulus to the sluggish economy, which is expected to grow at its slowest pace in four years in the current fiscal year.
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India’s New RBI Chief Expected to Kickoff Rate Cut to Lift Growth
His press conference today after the rate decision will provide insights on his thinking on a range of issues from inflation to the currency to global headwinds.
RBI MPC meet: Central Bank cuts repo rate by 25 basis points to 6.25%
The Reserve Bank of India’s monetary policy committee (MPC) today unanimously slashed the repo rate by 25 basis points to 6.25% after keeping the key policy rate unchanged for six consecutive times. The MPC also decided unanimously to continue with the 'neutral' policy stance.
Indian central bank likely intervened to support rupee ahead of rate decision, traders say
The Reserve Bank of India likely intervened to support the rupee before the open of the local spot market ahead of a closely-watched monetary policy decision on Friday, four traders told Reuters.
Indian shares little changed ahead of central bank policy decision
By Bharath Rajeswaran (Reuters) -Indian shares were muted on Friday, ahead of the Reserve Bank of India's (RBI) monetary policy decision, in which the central bank is widely expected to cut interest
India likely to cut benchmark rates for the first time in nearly five years as economy slows, inflation eases
The Indian government has been steadily lowering its full-year real GDP forecasts, after the economic growth missed expectations by a large margin in the quarter ended September, when its grew by 5.4% — its slowest expansion in nearly two years.
India's central bank to cut rates to boost economy as inflation slows
India is expected to cut interest rates for the first time in nearly five years on Friday to provide stimulus to its sluggish economy, with easing price pressures giving policymakers more room to manoeuvre.
India's RBI seen cutting rates for the first time since 2020
The Reserve Bank of India is widely expected to cut interest rates for the first time in nearly five years. This is according to a Reuters survey of economists and analysts. Inflation in India has declined;
Rupee to hold near record low in lead up to central bank rate decision
The Indian rupee is expected to linger near a lifetime low at the open on Friday before the central bank most likely cuts ...
Stock market trades flat ahead of key RBI MPC rate cut decision
The NSE Nifty 50 and BSE Sensex were trading almost flat early on Friday ahead of the Reserve Bank of India’s (RBI) Monetary ...
RBI MPC meeting outcome: Central bank slashes repo rate by 25 bps, first cut in nearly five years
The central bank’s Monetary Policy Committee (MPC) reduced the repo rate by 25 basis points to 6.25 per cent, after having ...
RBI likely intervened to support rupee ahead of rate decision: Traders
The Reserve Bank of India likely intervened to support the rupee before the local spot market opened ahead of a key monetary ...
Rupee recovers 11 paise at open ahead of RBI's monetary policy
The local currency opened at 87.4688 against the US dollar, as compared to 87.5788 at previous close against the greenback ...
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Recruitment has come out in Reserve Bank of India, salary will be given on an hourly basis, know what the selection process is
If you want to work in RBI, then this is a great opportunity for you. Know when and where you can apply. You will be selected ...
Bank Holidays in February 2025: Check full list of state-wise bank holidays
The Reserve Bank of India has announced bank holidays for February 2025 with state-specific holidays for festivals and si ...
India cenbank infuses $5.1 billion worth of rupee liquidity via buy/sell FX swap
The Reserve Bank of India's $5 billion 6-month dollar/rupee buy-sell swap auction was oversubscribed five-fold on Friday, ...