RBI cuts repo rate to support growth amid easing inflation
pre-market1 source ↓written by the desknot a recommendation
- repo rate
- 25 basis points
- 5.25%
- drops to just
- 0.25%
The Reserve Bank of India has cut the repo rate by 25 basis points to 5.25%, signaling a commitment to growth as inflation drops to just 0.25%. This decision, made unanimously by the Monetary Policy Committee, is notable given India's GDP growth of 8.2%. Improved food supply and favorable conditions support this policy shift.
The rate cut may enhance market sentiment, encouraging borrowing and spending, which could positively impact sectors like Banking and Consumer Goods. 📈
Not investment advice. For informational purposes only.