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Rate Cuts Part Of RBI Effort To Prop Up Growth: MPC

The New Indian Express Tirupati

|

June 21, 2025

The 50 bps repo rate cut and 100 bps reduction in cash reserve ratio announced on June 6 are part of the Reserve Bank's effort at propping growth that has lost some momentum due to the ongoing trade war and aided by the six-member panel's unanimous benign outlook on inflation on falling food prices and forecast for a normal monsoon season, show the minutes of June 4-6 MPC meeting released by RBI on Friday.

- ENS ECONOMIC BUREAU @ Mumbai

The 50 bps rate cut was the only time it did in recent years after the 75 bps reduction in May 2020. During Covid pandemic. During the time, CRR was slashed to 3%.

The current package is aimed at offering stability and to aid growth in near term. The MPC changed the stance to neutral from accommodative, announced in the April policy.

The New Indian Express Tirupati からのその他のストーリー

The New Indian Express Tirupati

K-point in India, Canada NSA talks

IN a key step towards mending diplomatic ties, National Security Adviser Ajit Doval held bilateral security consultations with his Canadian counterpart Nathalie Drouin in New Delhi on Thursday.

time to read

1 mins

September 20, 2025

The New Indian Express Tirupati

The New Indian Express Tirupati

Bonda targets PCB chief; PK gives strong reply

ASSERTING that steps will be taken to control the industrial pollution, Deputy Chief Minister (Environment and Forest) Pawan Kalyan has said the coalition government will not give scope to a situation that terrorises industrialists.

time to read

1 min

September 20, 2025

The New Indian Express Tirupati

Zubeen Garg of ‘Ya Ali’ fame dies in Singapore scuba diving accident

Zubeen Garg, the 52-year-old cultural icon of Assam and a heartthrob of the younger generation, passed away on Friday in Singapore, leaving behind a rich legacy.

time to read

1 min

September 20, 2025

The New Indian Express Tirupati

The New Indian Express Tirupati

CM roots for ‘One State-One Water’ concept to combat drought in State

CHIEF Minister N Chandrababu Naidu on Friday asserted that effective water management could make Andhra Pradesh drought-free.

time to read

1 min

September 20, 2025

The New Indian Express Tirupati

Sebi clean chit to Adani on Hindenburg allegations

MARKETS watchdog Sebi on Thursday dismissed all charges levelled by the now-shuttered US-based short-seller Hindenburg Research against the Adani group, its founder Gautam Adani, his brother, and a few top executives including the group’s chief financial officer Jugeshinder Singh.

time to read

1 min

September 19, 2025

The New Indian Express Tirupati

India weighs Pak-Saudi def pact

NATO-STYLE AGREEMENT TO TREAT ATTACK ON ONE COUNTRY AS ATTACK ON BOTH

time to read

2 mins

September 19, 2025

The New Indian Express Tirupati

The New Indian Express Tirupati

TTD fully geared up for Brahmotsavams rush

THE Tirumala Tirupati Devasthanams (TTD) has been fully prepared for the nine-day annual Brahmotsavams as lakhs of pilgrims are expected to visit Tirumala, TTD Chairman BR Naidu said.

time to read

1 min

September 19, 2025

The New Indian Express Tirupati

Liquor case: ED conducts searches at 20 places

THE Enforcement Directorate (ED) on Thursday conducted searches at 20 locations in Andhra Pradesh, Telangana, Tamil Nadu, Karnataka and Delhi as part of its money laundering probe into the alleged multi-crore liquor scam.

time to read

1 min

September 19, 2025

The New Indian Express Tirupati

Assembly backs GST 2.0 despite ₹8,000 crore revenue loss for AP

DESPITE an estimated %8,000 crore revenue loss for Andhra Pradesh, Chief Minister N Chandrababu Naidu has supported second-generation GST reforms, prioritising public welfare over immediate fiscal gains.

time to read

1 mins

September 19, 2025

The New Indian Express Tirupati

Trade talks positive, forward-looking: India, US

INDIA and the US on Tuesday resumed high-level negotiations for the long-pending bilateral trade agreement.

time to read

1 min

September 17, 2025

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