Mumbai’s homebuyers are set to benefit from the Reserve Bank of India’s (RBI’s) decision to cut the repo rate by 25 basis points to 6.25 per cent. Announced shortly after the Union Budget 2025, this move is expected to make home loans more affordable, encouraging greater investment in the mid and premium housing segments in the city.

The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year.

(Reuters) -The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year.

December, is likely to depart from the hawkish approach of his predecessor, Shaktikanta Das, who kept interest rates unchanged for two years as he doggedly chased a 4% inflation target.

India’s new central bank governor cut interest rates for the first time in almost five years on Friday to help spur a slowing economy as global risks intensify.

Reserve Bank of India (RBI) governor Sanjay Malhotra has announced the Monetary Policy Committee has cut the benchmark repo rate by 26 basis points.

After a hiatus of over 5 years, Sanjay Malhotra, the newly appointed RBI governor presiding  over the first monetary policy under his stewardship has gone ahead to complement the fiscal policy to resuscitate the economy with higher growth by cutting the repo rate by 25 bps to 6.