India cuts policy rate for the first time in nearly five years, new central bank governor Malhotra says
The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The Monetary Policy Committee decided to trim the repo rate by 25 basis points to 6.
RBI MPC Meeting Live Updates: Central bank announces 25 basis points rate cut, Governor Sanjay Malhotra calls it 'symbolic'
The former revenue secretary in the Ministry of Finance, Malhotra is expected to announce the cuts to lower interest rates for economy’s growth which is expected to reach a four year low.
The Reserve Bank of India has delayed the implementation of proposed liquidity regulations for lenders that may have hampered ...
MUMBAI (Reuters) - India's central bank governor on Friday cautioned lenders against rising instances of frauds in digital ...
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A Special Rupee Vostro Account (SRVA) is a banking arrangement that allows foreign banks to hold Indian rupees in an account with an Indian bank for the purpose of settling international trade ...
The Reserve Bank of India cut its policy rate for the first time in nearly five years as economic growth slows and inflation ...
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