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RBI Has Clearly Pivoted But It Faces a Hazy Path
Mint Bangalore
|April 10, 2025
Its change in stance to 'accommodative' leaves no doubt over the direction of its rate policy. High global economic uncertainty may require some deft maneuvering on the rupee, though
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With America's sudden trade onslaught taking the world to the brink of commercial chaos, the economic outlook for India, like for other countries, has taken a turn for the worse. So, it is not surprising that the Reserve Bank of India's (RBI) attention has turned decisively to supporting growth. On Wednesday, its monetary policy committee (MPC) snipped the repo rate by a quarter-percentage-point to 6%, matching a cut made in February. Transmission willing, this should reduce the cost of credit and favor corporate investment as well as consumer spending.
This story is from the April 10, 2025 edition of Mint Bangalore.
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