Growth over Caution
The Reserve Bank of India (RBI) has sent a bold signal with its sharpest rate cut in five years — a 50 basis point slash in the key policy rate, coupled with a phased 100 basis point cut in the cash reserve ratio.
The Reserve Bank of India (RBI) has sent a bold signal with its sharpest rate cut in five years — a 50 basis point slash in the key policy rate, coupled with a phased 100 basis point cut in the cash reserve ratio.
Indian economy is to grow at 6.6% in 2025-26, up from 6.4% in the current fiscal year, India Ratings and Research (Ind-Ra) projected on Wednesday.
At 9.19 a.m., Sensex traded at 57,524.27per cent, down 1,309.60 points or 2.23 per cent, whereas Nifty traded at 17,181.90 points, down 377.00 points or 2.15 per cent.
