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
Healthy arguments are an important aspect of conversations: Vikrant
He will be seen in 'The Sabarmati Report'
Sophie Turner in talks to lead Amazon's 'Tomb Raider' series
The series adaptation of the popular video game franchise comes from Fleabag' creator Phoebe Waller-Bridge
‘The Fable’ wins ‘Best Film’ award at Leeds International Film Festival
Manoj Bajpayee-starrer \"The Fable\" has bagged the \"Best Film\" award at the 38th Leeds International Film Festival in the UK.
Hoping it becomes four of four
Music composer Ricky Kej has been nominated for his fourth Grammy award
'Always wanted to do action as an actor'
Sharvari said that she is getting to live her dream through 'Alpha'
'Sinner is playing with a clear conscience amid doping case'
TURIN (ITALY): Giant billboard photos of him grace nearly every piazza and street in the city. Fans have traveled from every corner of Italy to see him. The crowd chants his name before, during, and after all of his matches.
Messi, Vinicius have frustrating nights as Argentina lose and Brazil draw in World Cup qualifying
Argentina will remain on the top of 10-team round robin competition with a 22 points in 11 matches
Some 574 players for IPL auctions: 366 Indians, Pant, Iyer in top bracket, 13-year-old Vaibhav youngest
NEW DELHI: Rishabh Pant, Shreyas Iyer, KL Rahul and Arshdeep Singh will headline a 574-strong list of players with top base price of Rs 2 crore at the upcoming Indian Premier League auction scheduled in Saudi Arabia's Jeddah on November 24 and 25.
Zverev advances to semis; Alcaraz waits to see if he qualifies
ATP FINALS
Ajaz Patel, hero of NZ's clean sweep in India, dropped for England series
WELLINGTON: Spinner Ajaz Patel, whose 11 wickets in the third Test against India this month helped New Zealand to an unprecedented clean sweep of that series, has been omitted from the Black Caps squad for the upcoming Test series against England.
