MUMBAI, Feb 7 (Reuters) - The Reserve Bank of India (RBI) cut its key interest rate for the first time in nearly five years on Friday, as it seeks to boost the sluggish economy and sees inflation ...
The Reserve Bank of India (RBI) cut its key interest rate for the first time in nearly five years on Friday, as it seeks to boost the sluggish economy and sees inflation easing towards its 4% target.
Last year, India's economy grew at a rate of 8%. The RBI forecast growth of 6.7% next year. Malhotra has been less hawkish than his predecessor while also reducing intervention to maintain the ...
BENGALURU, Feb 10 (Reuters ... A sharp decline in inflation will also be welcomed by the Reserve Bank of India, which cut the repo rate by 25 basis points to 6.25% late last week.
The Reserve Bank of India ... year, easing to 4.2% next year. Food inflation pressures are expected to ease, Malhotra said, but added that volatile global energy prices pose a risk to the inflation ...