The Reserve Bank of India (RBI) on Friday reduced the repo rate by 25 basis points from 6.5% to 6.25% in another step to boost the economy, media reports said.
The dollar strengthens as Reuters reports that President Trump told Republican lawmakers he is about to announce tariffs on trade partners that impose such levies on American exports.
RBI has announced a 25-bps rate cut in policy repo rate in its latest Monetary Policy Committee (MPC) meeting. The repo rate has been reduced from 6.5% to 6.25%. The central bank has also maintained ...
“The rate cut, coupled with recent liquidity-boosting measures, is expected to drive fresh investments and kick-start the consumption cycle. Sectors such as banking, auto, FMCG, consumer durables, ...
Despite a knee-jerk reaction in the bond market that put upward pressure on yields, Friday's nonfarm payroll report for January was stronger than headline figures suggest, said strategist Jeff Schulze ...