RBI cut rates by 50 bps to 5.5%. After MPC central bank decided to reduce the repo rate by 50 bps to 5.50%. Now SDF is at 5.25% and MSF at 5.75%.The RBIs rate-setting panel Monetary Policy Committee (MPC) started its three-day deliberations on Wednesday. Inflation outlook for FY26 revised downwards to 3.7 pc from 4 pc. After reducing repo by 100 bps in quick succession monetary policy left with limited space to support growth. RBI Guv Sanjay Malhotra said Indian economy presents strength stability and opportunity amid global concerns. Indian economy offers immense opportunities to investors. Govts continued thrust on capex should help revive investment activity.from now MPC will carefully assess income data evolving outlook to chart out future policy. The central bank reduced the key benchmark lending rate (repo) by 25 bps points each in February and April this year on the recommendations of the governor-headed MPC. The MPC consists of three members from the RBI and three external members appointed by the government. RBI members are: Governor Sanjay Malhotra Deputy Governor M Rajeshwar Rao and Executive Director Rajiv Ranjan.
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The real reason why David Beckham is finally getting a knighthood after years of rejection
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The real reason why David Beckham is finally getting a knighthood after years of rejection
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The real reason why David Beckham is finally getting a knighthood after years of rejection