RBI cuts repo rate to 5.25% to stimulate growth
pre-market1 source ↓written by the desknot a recommendation
- to boost economic
- 5.25%
- and GDP growth
- 2%
- GDP growth
- 7.3%
The Reserve Bank of India has cut the repo rate by 25 basis points to 5.25% to boost economic growth amid easing inflation. This move is expected to make housing and vehicle loans cheaper for borrowers. The RBI also revised its inflation forecast to 2% and GDP growth to 7.3%. 📉💼
Not investment advice. For informational purposes only.