The Reserve Bank of India cut interest rates by 25 basis points for the first time in six months and announced a trillion-rupee bond purchase plan.
The Reserve Bank of India (RBI) cut interest rates by 25 basis points on Friday and announced a trillion-rupee bond purchase program, injecting liquidity into the economy as inflation hits a historic low. Central bank governor Sanjay Malhotra stated that this move is aimed at countering the threat of high