RBI cuts key policy rate for first time in 5 years
Feb 8, 2025 4:14 AM IST
RBI cuts policy rate by 25bps to 6.25%, aiming to boost slowing growth while managing inflation; further cuts expected in April amid cautious stance.
The logo for Reserve Bank of India (RBI) at the central bank's headquarters building in Mumbai, India, on Friday. India's new central bank governor cut interest rates for the first time in almost five years. (Bloomberg)
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