India cuts key interest rate for first time since 2020 amid slowing growth
India cuts key interest rate for first time since 2020 amid slowing growth
www.aljazeera.com India cuts key interest rate for first time since 2020 amid slowing growth
Reserve Bank of India announces first rate cut in nearly five years as world’s most populous nation faces slowdown.
Author: Unknown
Published on: 07/02/2025 | 00:00:00
AI Summary:
RBI last cut the key interest rate in May 2020. RBI Governor Sanjay Malhotra said a less restrictive monetary policy was more appropriate. India is growing faster than any other major economy.
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