MUMBAI: The Reserve Bank of India (RBI) maintained its key interest rate on Wednesday for the tenth consecutive time, but indicated a potential rate cut by shifting its policy stance to "neutral" from "withdrawal of accommodation." The monetary policy committee, consisting of three RBI officials and three new external members, voted 5-1 to keep the repo rate, which influences various loan rates, at 6.5 per cent.
While interest rates were last adjusted in February 2023, when they were raised from 6.25 per cent to 6.5 per cent, the committee unanimously decided to move to a neutral stance from a "withdrawal of accommodation," a first since June 2019, in light of slowing economic growth.
Denne historien er fra October 10, 2024-utgaven av Millennium Post Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 10, 2024-utgaven av Millennium Post Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Kriti explains why 'Jab We Met' is an iconic film
She was seen in the streaming movie 'Do Patti'
Armaan and Aashna are finally married
Singer Armaan Malik is finally married to his longtime girlfriend and influencer, Aashna Shroff.
Gainda: Exploring themes of conformity, identity & resistance
The minimalist set design reflects the emptiness and alienation central to the play's themes
Shahid bags a 'raw' deal with 'Deva'
The action film is undoubtedly a highly anticipated project of 2025
Jennifer Feels Subject of 'Unstoppable' Deserves All Attention
The sports drama has been earning awards buzz
Long rope for Rohit nears end?
Gambhir refuses to confirm skipper's place in XI; retirement rumours rife
Merciless Aussies to step on gas in Sydney, says Cummins
MARSH DROPPED, STARC DECLARED FIT
Bumrah, Dravid missing from National Sports Awards list
Decision bound to raise eyebrows
UPI transactions rise 8% to 16.73 billion in Dec: NPCI
Transactions through the popular Unified Payments Interface (UPI) touched a record 16.73 billion in December, recording a growth of 8 per cent over the preceding month, according to data released by the National Payments Corporation of India (NPCI).
India-EFTA pact likely to be implemented before 2025 end
European Free Trade Association members are Iceland, Liechtenstein, Norway & Switzerland
