Brief by Shorts91 Newsdesk / 07:34am on 09 Apr 2025,Wednesday India
The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points to 6%, Governor Sanjay Malhotra announced on Wednesday. “The direction of the policy repo rates is downwards,” he said, signaling potential future cuts. Addressing the impact of rising US tariffs, Malhotra noted, “The impact is much less on India than others; we have a comparative advantage.” He emphasized that the central bank will intervene in forex markets only during excessive volatility, adding that India has “sufficient reserves.” The move is expected to lower loan EMIs, offering relief to borrowers in FY26. (PC: ANI)
