India’s central bank made a bigger-than-expected interest rate cut, lowering the repo rate by half a percent to 5.5%, the lowest level in three years.
This is the third rate cut in a row as the country faces slower growth and falling inflation.
RBI Governor Sanjay Malhotra said the economy is growing slower than expected and the bank wants to encourage more spending and investment amid global uncertainties.
India’s economy grew 6.5% last year, still the fastest among big economies, but down from 9.2% the year before. Inflation has dropped to a six-year low of 3.16%, helped by falling food prices.
The central bank also increased money supply but shifted its policy stance to “neutral,” meaning future rate changes will depend on how growth and inflation develop.
Lower rates should help consumers with cheaper home and car loans and support companies by cutting borrowing costs. This could also boost India’s struggling real estate market, especially affordable housing, as lower mortgage payments make homes more affordable.
Finland and Sweden have called for tougher economic measures against Russia, proposing higher import duties, export restrictions, and an EU ban on Rus...
Finance ministers from the G7 and partner nations met in Washington on Monday to discuss a potential price floor for strategic rare-earth metals and w...
NATO Secretary General Mark Rutte has said allied nations are discussing “next steps” to ensure the security of the Arctic, citing concerns that R...
The U.S. has issued an urgent security notice calling all American citizens to leave Iran immediately, citing escalating protests, growing violence an...
Apple will use Google’s Gemini artificial intelligence (AI) models for its revamped Siri voice assistant later this year, in a multi-year deal that ...
Finland and Sweden have called for tougher economic measures against Russia, proposing higher import duties, export restrictions, and an EU ban on Russian energy shipments.
Finance ministers from the G7 and partner nations met in Washington on Monday to discuss a potential price floor for strategic rare-earth metals and ways to secure their supply. Representatives from Australia, Mexico, South Korea and India also attended the talks.
NATO Secretary General Mark Rutte has said allied nations are discussing “next steps” to ensure the security of the Arctic, citing concerns that Russia and China could become more active in the strategically important region.
The U.S. has issued an urgent security notice calling all American citizens to leave Iran immediately, citing escalating protests, growing violence and widespread communication shutdowns across the country.
Real Madrid have parted ways with coach Xabi Alonso, appointing former defender Álvaro Arbeloa as his replacement.
Timothée Chalamet won the Golden Globe for best male actor in a musical or comedy on Sunday for his role in Marty Supreme, beating strong competition in one of the night’s most closely watched categories.
Hawaii’s Kīlauea volcano is showing increased activity, with lava flowing from two summit craters and flames, smoke and ash rising from the caldera.
Bob Weir, the rhythm guitarist, songwriter and co-founder of the Grateful Dead, has died at the age of 78, his family has said.
Israel has sharply escalated its warnings to Lebanon amid rising regional tensions linked to Iran, according to a report by the Lebanese newspaper Nida Al Watan.
Finland and Sweden have called for tougher economic measures against Russia, proposing higher import duties, export restrictions, and an EU ban on Russian energy shipments.
Finance ministers from the G7 and partner nations met in Washington on Monday to discuss a potential price floor for strategic rare-earth metals and ways to secure their supply. Representatives from Australia, Mexico, South Korea and India also attended the talks.
NATO Secretary General Mark Rutte has said allied nations are discussing “next steps” to ensure the security of the Arctic, citing concerns that Russia and China could become more active in the strategically important region.
The U.S. has issued an urgent security notice calling all American citizens to leave Iran immediately, citing escalating protests, growing violence and widespread communication shutdowns across the country.
President Donald Trump said on Monday any country that does business with Iran will face a tariff rate of 25% on trade with the U.S., as Washington weighs a response to the situation in Iran which is seeing its biggest anti-government protests in years.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment