Placeholder canvas

India’s central bank cuts key interest rate to 6.75%

Date:

India’s central bank cut interest rates by 50 basis points on Tuesday in a bid to boost stuttering growth, with inflation well below its target level.

The Reserve Bank of India (RBI) lowered the benchmark repo rate — the level at which it lends to commercial banks — to 6.75 percent, a larger cut than analysts had expected.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

EAM Jaishankar Meets Ukrainian Counterpart Dmytro Kuleba In Delhi

New Delhi: External Affairs Minister, S Jaishankar on Friday...

Rajinikanth’s Thalaivar 171 First-Look Poster Drops

In a series of surprising announcements, fans were first...

Orry Faces Backlash After Declining Handshake At Event

Internet sensation Orry, famed for his wild antics and...

From Deepfake Concerns To India’s AI Mission PM Modi Interacts With Bill Gates

New Delhi: Prime Minister Narendra Modi engaged in a...