 "rbi, reserve bank of india")
RBI cuts repo rate by 25 bps to 5.75%; changes stance to 'accommodative'
The Reserve Bank of India (RBI) on Thursday cut the policy rate by 25 basis points (bps), as widely expected, and changed its stance to ‘accommodative’, which Governor Shaktikanta Das said meant rate hikes were off the table. Economists, however, see this as a sign of more rate cuts to come. READ ON...
Fear of contagion looms over financial sector after DHFL's payment default
The latest default on interest payments by Dewan Housing Finance Corporation (DHFL) can accentuate contagion risk in India's financial sector as banks, pension
