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.
Kharkiv faced its most intense assault since the war began, as Russia launched a deadly overnight attack using drones, missiles, and guided bombs.
While the world's attention is often captured by rising sea levels, another critical environmental crisis is unfolding beneath our feet: land subsidence.
The Asian Development Bank will grant nearly $1 million to upgrade Kyrgyzstan’s energy data system, with more large-scale energy investments in the pipeline.
After nearly a decade of talks, Indonesia and the European Union aim to finalize a free trade deal by the end of June.
Tensions are rising along the Thailand–Cambodia border as both nations reinforce their military presence following a deadly skirmish and failed de-escalation talks.
Ukraine's Air Force announced Saturday morning that it had shot down a Russian Su-35 fighter jet during a successful operation in the Kursk direction.
Kharkiv faced its most intense assault since the war began, as Russia launched a deadly overnight attack using drones, missiles, and guided bombs.
Mayo Clinic researchers have validated a blood test's high precision for diagnosing patients with cognitive impairment.This non-invasive, cost-effective breakthrough, detailed in Alzheimer's & Dementia, offers much-needed hope for earlier intervention and better management.
While the world's attention is often captured by rising sea levels, another critical environmental crisis is unfolding beneath our feet: land subsidence.
China's Foreign Minister Wang Yi is scheduled to participate in the Ministerial Meeting of Coordinators on the Implementation of the Follow-up Actions of the Forum on China-Africa Cooperation (FOCAC) and the opening ceremony of the Fourth China-Africa Economic and Trade Expo.
A bridge collapse in the Vygonichsky district of Russia’s Bryansk region, near the Ukrainian border, caused a train derailment and a traffic accident early Sunday, killing at least seven people and leaving 30 injured, according to emergency services.
Ukraine’s Security Service (SBU) has confirmed it carried out a third targeted attack against the Crimean Bridge, also known as the Kerch Bridge, early Tuesday morning, marking a new escalation in the ongoing conflict with Russia.
A strong 6.3 magnitude earthquake shook Japan’s Hokkaido prefecture early Monday, causing no reported injuries or damage, and no tsunami warning was issued, officials confirmed.
Peace talks between Russia and Ukraine ended abruptly in Istanbul on Monday, lasting just over an hour amid mounting tensions following a major Ukrainian drone strike on Russian strategic bombers and renewed pressure from the U.S. for a breakthrough.
U.S. President Donald Trump and Chinese President Xi Jinping are expected to speak this week to discuss recent trade tensions, White House press secretary Karoline Leavitt said.
Ukraine's Air Force announced Saturday morning that it had shot down a Russian Su-35 fighter jet during a successful operation in the Kursk direction.
Kharkiv faced its most intense assault since the war began, as Russia launched a deadly overnight attack using drones, missiles, and guided bombs.
China's Foreign Minister Wang Yi is scheduled to participate in the Ministerial Meeting of Coordinators on the Implementation of the Follow-up Actions of the Forum on China-Africa Cooperation (FOCAC) and the opening ceremony of the Fourth China-Africa Economic and Trade Expo.
The Asian Development Bank will grant nearly $1 million to upgrade Kyrgyzstan’s energy data system, with more large-scale energy investments in the pipeline.
After nearly a decade of talks, Indonesia and the European Union aim to finalize a free trade deal by the end of June.
Ukraine's Air Force announced Saturday morning that it had shot down a Russian Su-35 fighter jet during a successful operation in the Kursk direction.
Kharkiv faced its most intense assault since the war began, as Russia launched a deadly overnight attack using drones, missiles, and guided bombs.
Mayo Clinic researchers have validated a blood test's high precision for diagnosing patients with cognitive impairment.This non-invasive, cost-effective breakthrough, detailed in Alzheimer's & Dementia, offers much-needed hope for earlier intervention and better management.
While the world's attention is often captured by rising sea levels, another critical environmental crisis is unfolding beneath our feet: land subsidence.
China's Foreign Minister Wang Yi is scheduled to participate in the Ministerial Meeting of Coordinators on the Implementation of the Follow-up Actions of the Forum on China-Africa Cooperation (FOCAC) and the opening ceremony of the Fourth China-Africa Economic and Trade Expo.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment