Wednesday, July 30, 2025

Creating liberating content

Microsoft CEO Satya Nadella speaks at an event commemorating the

Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris |

NEW DELHI: IndiGo saw its Q1 FY 2026 drop 20

The Indian Banks’ Association’s proposal for a five-day work week

Related News

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on , April 4, 2025. David Ryder | Bloomberg

Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris | Bloomberg | Getty Images Meta is set to report its second-quarter earnings on Wednesday, with analysts eyeing any changes to

NEW DELHI: IndiGo saw its Q1 FY 2026 drop 20 per cent to Rs 2,176.3 crore from Rs 2,728.8 crore in same period last year due to the serious hit

The Indian Banks’ Association’s proposal for a five-day work week in banks, declaring all Saturdays as holidays, is under government consideration. While the finance ministry acknowledges the proposal, it clarifies

File photo: US President Donald Trump (Picture credit: PTI) US President Donald Trump’s recent tariff warnings to India have drawn sharp criticism from Indian trade experts, with Professor Rakesh Mohan

Piotr Swat | Lightrocket | Getty Images Palo Alto Networks will take over Israeli identity security provider CyberArk in a deal valued at roughly $25 billion. The California-based cybersecurity company

Trending News

NEW DELHI: IndiGo saw its Q1 FY 2026 drop 20 per cent to Rs 2,176.3 crore from Rs 2,728.8 crore in same period last year due to the serious hit

File photo: US President Donald Trump (Picture credit: PTI) US President Donald Trump’s recent tariff warnings to India have drawn sharp criticism from Indian trade experts, with Professor Rakesh Mohan

T N Manoharan, renowned chartered accountant, former chairman of IDBI Bank and one of India’s most respected financial minds, passed away on Wednesday. He was widely acknowledged for his leadership

Pakistan’s government is moving swiftly toward integrating cryptocurrency into its financial ecosystem, aiming to bring digital currencies into mainstream banking, forex operations, and gold trading, according to a Wednesday media

The EU sanctions against Russia are expected to have significant implications for Indian refiners, according to a recent ICRA report.On July 18, the EU implemented its 18th sanctions package against

Nayara’s lawyer told a New Delhi court today that the services have been restored by Microsoft. EU sanctions on Russia: Global IT giant Microsoft has restored IT services to Russia-backed

RBI Cuts Key Rate To 6% As Trump Tariffs Kick In, Home Loans To Be Cheaper

Word Count: 347 | Estimated Reading Time: 2 minutes




New Delhi:

The Reserve Bank of India has cut repo rate by 25 basis points, bringing it down to 6 per cent. This will reduce borrowing costs for banks and enable them to lend money to individual customers at lower rates, reducing EMIs for loans. RBI Governor Sanjay Malhotra said today that the Monetary Policy Committee had voted unanimously to reduce the repo rate.

This is the second time this year that the central bank has cut repo rate. Earlier, it had reduced the key rate to 6.25 per cent in February.

The repo rate, also known as the purchase agreement rate, is the interest rate charged by the RBI from commercial banks on the money it lends to them. So when it is reduced, banks often pass on the benefits to the consumers.

The RBI Governor said the financial year begins on an anxious note for the global economy and the central bank is keeping an eye on inflation risks emerging from global uncertainties. This comes days after the Donald Trump administration in the US imposed reciprocal tariffs on exports from India.

“The dent on global growth due to trade frictions will impede domestic growth. Higher tariffs may have an impact on net exports. India is very proactively engaging with the US administration on trade,” the RBI Governor said. He said it is difficult to quantify now the impact global developments would have on growth. But he said the central bank was not concerned about being able to manage domestic growth.

The prospects for the agriculture sector remain bright and manufacturing activity is showing signs of revival, he said. “Services sector continues to show resilience. Urban consumption is picking up with uptick in discretionary spending,” he said, adding that balance sheets of banks and corporates are “healthy”.

The RBI Governor said that the Monetary Policy Committee had noted that inflation is currently below target and the sharp fall in food prices. 

The GDP growth estimate for this fiscal has been cut by 20 basis points and the real GDP growth is now projected at 6.5 per cent. 




Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account