Outlook Business · 22h
RBI MPC Meeting: Governor Sanjay Malhotra Announces 25bps Rate Cut, First in 5 Years
The Reserve Bank of India (RBI) Governor Sanjay Malhotra announced to lower the repo rate by 25 basis points to 6.25% on Friday, February 7, 2025. The central bank commenced its three-day meeting on Wednesday, February 5. In the previous MPC meeting in December 2024, the RBI had maintained the status quo keeping the key interest rate at 6.5%.
moneycontrol.com · 15h
RBI cuts rates for first time in nearly 5 years: Full text of Governor Sanjay Malhotra's speech
The Reserve Bank of India (RBI) cut its key interest rate for the first time in nearly five years on February 7. The Monetary Policy Committee (MPC), which consists of three RBI and three external members, cut the repo rate by 25 basis points to 6.25% after having kept it unchanged for eleven straight policy meetings.
Business Standard · 10h
RBI ends rate cut wait; Sanjay Malhotra stresses 'less restrictive' policy
The rate cut comes even as the past four headline inflation prints were above 5 per cent. RBI Governor Sanjay Malhotra noted that inflation is expected to decline. This was the first MPC meeting since Malhotra took over as RBI governor in December last year.
tech · 11h
RBI Governor Sanjay Malhotra Claims India Can Surpass 7% Growth Mark
Governor Malhotra told investors that the RBI prioritizes long-term stability over any particular level of the exchange rate. He stressed India’s strong foreign exchange reserves, which as of January 31, 2025, were $630.6 billion, covering more than ten months’ worth of imports, and cautioned against overanalyzing short-term currency movements.
The Reserve Bank of India has delayed the implementation of proposed liquidity regulations for lenders that may have hampered ...
The MPC under the new RBI governor will have to walk a tightrope between taming inflation and boosting economic growth. India ...
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