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.
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 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'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.
CNBC Daily Open: Global central banks are cutting rates — the Fed might not be as inclined
Many economies seem to be settling into a lower-rate environment. That’s in stark contrast with the Federal Reserve, which has to deal with volatile policies.
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.
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.
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 strengthens, forwards dip ahead of central bank policy decision
The Indian rupee rose in early trading on Friday, tracking the gains in most Asian currencies, while dollar-rupee forward ...
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 Governor says Central Bank will ensure financial stability and consumer protection
RBI Governor Sanjay Malhotra, who is chairing his first Monetary Policy Committee (MPCC) meeting announced the decision of ...
Ahead of RBI monetary policy, central bank likely conducting buy/sell USD-INR swaps
India’s central bank is reportedly conducting dollar-rupee swaps and selling spot dollars to support the rupee. Traders noted that the RBI’s recent interventions have affected rupee liquidity, while ...
Central Bank of India ZBO 2025 Recruitment – Steps to Apply for 266 Openings
The Central Bank of India has commenced the application process for the recruitment of Zone Based Officers (ZBO) for 2025.
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India’s government to re-evaluate crypto stance
A senior official in India’s government said on February 2 that the country would re-evaluate its strict crypto stance, in an ...
Ex-JPMorgan Banker Singh Joins StanChart Ahead of India CEO Pick
Ex-JPMorgan Chase & Co. executive Prabdev Singh joined Standard Chartered Plc this week as the London-based lender awaits ...
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Central Bank Credit Officer Previous Year Paper, Download Sample Questions With Solutions
Boost your preparation by practicing Central Bank Credit Officer previous year paper. Understand the exam pattern, improve ...