RBI Cuts Rates to Boost India's Growth

  Published 1 year ago

The Reserve Bank of India unexpectedly cut its repo rate by 50 basis points to 5.50%, its third consecutive reduction, citing significantly softened inflation and aiming to support economic growth. The cash reserve ratio was also reduced.

  • Repo rate cut by 50 bps to 5.50%
  • Inflation is expected to average 3.7%
  • GDP growth projected at 6.5% for FY
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