The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has cut the repo rate by 25 basis points to 6.00 per cent, shifting to an accommodative stance to support moderate growth amid global uncertainties.
With inflation easing below target, aided by falling food prices, the move aims to bolster recovery while keeping inflation within the 4 per cent target band over the next year.
With inflation easing below target, aided by falling food prices, the move aims to bolster recovery while keeping inflation within the 4 per cent target band over the next year.
