RBI cuts repo rate to 5.25%, maintains neutral stance
after close1 source ↓written by the desknot a recommendation
- 5.25%
- which recently breached
- 90 against the US dollar
- for the current
- 7.3%
The Reserve Bank of India has cut the repo rate by 25 basis points to 5.25%, a unanimous decision by the Monetary Policy Committee. This move aims to address global trade volatility and a weakening rupee, which recently breached 90 against the US dollar. The RBI also raised its GDP growth projection to 7.3% for the current fiscal year, reflecting stronger economic momentum.
Not investment advice. For informational purposes only.