RBI MPC Meeting Highlights: Central bank announces 25 basis points rate cut, Governor Sanjay Malhotra calls it 'symbolic'
The former revenue secretary in the Ministry of Finance, Malhotra is expected to announce the cuts to lower interest rates for economy’s growth which is expected to reach a four year low.
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RBI MPC 2025: Panel Cuts Growth Forecast For FY25 To 6.4%, Check GDP Estimates For FY26 HereGovernor Sanjay Malhotra said that industrial growth remained weak, meanwhile services sector and a recovery in agriculture supported advancement on the supply side.
This calculated move is expected to catalyse credit growth across sectors, particularly benefiting SMES whilst providing much ...
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