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A fine balance

The Reserve Bank of India’s June 2025 policy surprised markets with its boldness ~ slashing the repo rate by 50 basis points to 5.5 per cent, cutting the Cash Reserve Ratio (CRR) by a substantial 100 basis points, and pivoting its policy stance from accommodative to neutral.

Is there a third way for social equity markets?

From a philosophical point of view, Islamic financial markets are actually risk-sharing stock markets with moral issues defined by the shariah. So far, few Muslim countries have used stock markets to make social change. A third way therefore is already technically feasible. All it takes is some courage to think and act outof-the-box.