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.
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 ...
RBI Cuts Repo Rate for the First Time in Five Years Reserve Bank of Indias Monetary Policy Committee decided to reduce the ...
Test your knowledge on the RBI’s repo rate with these GK questions and answers! Learn about the latest RBI rate cut, and its ...
From February 2 to 8, significant events occurred, including the BJP’s victory in the Delhi Assembly Elections and the RBI’s ...
Reserve Bank of India on Friday cut the repo rate by 25 basis points, ending the longest pause in the history of the monetary ...
Discover the RBI's 25 basis points repo rate cut to 6.25%, its impact on economic growth, credit support, and inflation ...
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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