India's Central Bank Cuts Repo Rate for First Time in Nearly 5 Years
(Reuters) -The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year.
After the reduction of interest rates by 0.25%, home loan customers will have two options. Either reduce your EMI or reduce ...
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery ...
Stakeholders say RBI’s 25 bps rate cut will boost real estate demand, affordability, and liquidity, driving growth across ...
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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