India's RBI Implements Unexpected 50 Basis Point Rate Cut to Boost Growth
TL;DR Summary
The Reserve Bank of India (RBI) has cut its key repo rate by 50 basis points to 5.50% and reduced the reserve ratio to support economic growth amid low inflation and global volatility, shifting its stance from 'accommodative' to 'neutral' with limited room for further easing, while maintaining a GDP growth forecast of 6.5%.
- India focuses on growth with larger-than-expected 50 bps cut in key rate; slashes reserve ratio Reuters
- RBI: India central bank delivers sharp rate cut as growth, inflation fall BBC
- Indian Assets Whipsaw After RBI’s Surprise Moves Stun Markets Bloomberg
- India's central bank beats market expectations to deliver an outsized rate cut of 50 points CNBC
- RBI MPC meet: Why repo rate was cut by larger-than-expected 50 basis points; RBI governor Sanjay Malhotra explains Times of India
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