Brief by Shorts91 Newsdesk / 11:20am on 07 Feb 2025,Friday India
The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points to 6.25% for the first time in nearly five years. Announcing the decision, RBI Governor Sanjay Malhotra projected India's GDP growth at 6.7% for 2025-26. Home loan interest rates are expected to decline, boosting the real estate sector. The central bank also forecasted CPI inflation at 4.2% for the next fiscal year. With global uncertainties persisting, the RBI will maintain a neutral monetary stance. Additionally, it launched a financial literacy campaign for women starting February 24 to enhance their role in economic decision-making.
