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Mumbai: The Reserve Bank of India (RBI), in its latest Monetary Policy Committee (MPC) meeting for FY2025-26, announced a 0.50 per cent cut in the repo rate, bringing it down to 5.5 per cent. Alongside this, key changes in CRR, inflation forecasts, and policy stance were also introduced to boost economic growth. Repo Rate Cut RBI reduced the repo rate by 0.50 per cent, bringing it down from 6.00 per cent to 5.50 per cent. This means loans may become cheaper for borrowers. CRR Cut for Liquidit ...Read More >
Stocktwits - The Reserve Bank of India (RBI) has cut repo rates by 50 basis points on Friday, June 6, from 6% to 5.50% - marking its third consecutive rate cut this year. And in a major boost for banks, it has also announced a 100 basis point cut in the Cash Reserve Ratio (CRR), bringing it down from 4% to 3%. This is expected to release ₹2.5 lakh crore of liquidity into the banking system by the end of November 2025. However, the MPC noted that the scope for further policy accommodation is li ...Read More >
Mumbai, Jun 6 (PTI) Reserve Bank on Friday retained GDP growth projections for the current fiscal at 6.5 per cent, saying the Indian economy presents a picture of strength, stability and opportunity in the backdrop of global uncertainty. The FY26 growth projections are compared with the 6.5 per cent economic growth recorded in the 2024-25 fiscal year. The Reserve Bank of India (RBI) has projected economic growth at 6.5 per cent for the June quarter and 6.7 per cent for the September quarter. F ...Read More >
MUMBAI, June 6 (Reuters) - The Reserve Bank of India cut its key repo rate by a larger-than-expected 50 basis points on Friday to focus on supporting economic growth. The Monetary Policy Committee (MPC), which consists of three RBI officials and three external members, cut the repo rate (INREPO=ECI), opens new tab to 5.50%. It also changed the monetary policy stance to neutral from accommodative. The RBI cut the standing deposit facility rate to 5.25% and adjusted the marginal standing facili ...Read More >
Mumbai, June 6: RBI Governor Sanjay Malhotra on Friday announced a jumbo 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, as inflation has come down below the lower RBI band of 4 per cent. The RBI Governor also announced a 100 basis points CRR cut, effective in four equal tranches of 25 basis points starting from September 6, October 4, November 1 and November 29. The step is expected to inject Rs 2.5 lakh crore into the banking system, boosting ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): Announcing the monetary policy on Friday from Mumbai, Reserve Bank of India (RBI) Governor Sanjay Malhotra announced that the MPC has decided to reduce the policy repo rate under the Liquidity Adjustment Facility by 50 basis points to 5.5 per cent. He said, "The reduction recommended by the MPC is for 50 basis points to 5.5 per cent. This is with an immediate effect." Also Read | Amazon Layoffs Continue: US-Based E-Commerce Giant Cuts More Jobs From ...Read More >
[MUMBAI] The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a third consecutive reduction, and slashed the reserve ratio for banks as muted inflation provided space for policymakers to focus on supporting economic growth. The Monetary Policy Committee (MPC), which consists of three RBI officials and three external members, cut the repo rate to 5.50 per cent. It has now cut rates by 100 basis points in 2025, starting with a quarter-point re ...Read More >
MUMBAI (Reuters) -The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a third consecutive reduction, and slashed the reserve ratio for banks as muted inflation provided space for policymakers to focus on supporting economic growth. The Monetary Policy Committee (MPC), which consists of three RBI officials and three external members, cut the repo rate to 5.50%. It has now cut rates by 100 basis points in 2025, starting with a quarter-point r ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches ...Read More >
June 6 (Reuters) - The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points (bps) on Friday, a third consecutive reduction, as muted inflation provided space for policymakers to focus on supporting economic growth. The Monetary Policy Committee (MPC), which consists of three RBI officials and three external members, cut the repo rate (INREPO=ECI), opens new tab to 5.50%. It has now cut rates by 100 basis points in 2025, starting with a quarter-point reduc ...Read More >
MUMBAI, June 6 (Reuters) - India's central bank on Friday, in a surprise move, cut the cash reserve ratio (CRR), which banks are required to hold, by 100 basis points to 3% with an aim to accelerate policy transmission and boost lending. CRR is the proportion of deposits that banks need to set aside as cash. The cut would be done in four equal tranches staring from September to November and would release 2.5 trillion rupees ($29.13 billion) in the banking system, Reserve Bank of India Governor ...Read More >
Mumbai, Jun 6 (PTI) The RBI on Friday cut repo rate by a higher-than-expected 50 basis points to prop up growth, which has slowed to a four-year low of 6.5 per cent in FY25. Following the rate cut, the key policy rate eased to a three-year low of 5.5 per cent, providing relief to home, auto and corporate loans borrowers. This is the lowest repo rate in three years. The repo rate -- the rate at which banks borrow funds from the RBI -- had last stood at 5.40 per cent on August 5, 2022. After a ...Read More >
Mumbai: In a significant monetary policy decision, the Reserve Bank of India (RBI) has reduced the repo rate by 50 basis points, bringing it down to 5.5% with immediate effect. The announcement was made by RBI Governor Sanjay Malhotra, following the conclusion of the Monetary Policy Committee (MPC) meeting held over three days -- June 4, 5, and 6. Governor Malhotra stated that the MPC undertook a comprehensive assessment of the domestic and global economic outlook before arriving at the decisio ...Read More >
New Delhi [India], June 6 (ANI): Indian stock markets opened on a cautious note on Friday, as investors remained in a wait-and-watch mode ahead of the Reserve Bank of India's key monetary policy announcement. The policy decision is scheduled to be announced at 10 AM. The benchmark indices reflected this cautious mood. The Nifty 50 opened at 24,748.70, down just 2.20 points or 0.01 per cent. Similarly, the BSE Sensex also opened flat at 81,434.24, down 7.80 points or 0.01 per cent. Experts beli ...Read More >
CHENNAI: In a stronger-than-expected move, the Reserve Bank of India's Monetary Policy Committee (MPC) on Friday slashed the repo rate by 50 basis points, bringing it down to 5.50%. The decision reflects the central bank's growing concerns over a prolonged inflation fight and increasing growth-inflation trade-offs in a challenging global economic environment. Delivering the policy statement, RBI Governor Sanjay Malhotra acknowledged that while inflation has broadly moderated, "the last mile in ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the policy repo rate today at 10 AM in Mumbai, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. This policy meeting comes at a time when inflation in the country has been steadily declining. According to the Ministry of Statistics and Programme Implementation, India's retail inflation fell to 3.16 per cent in April, compared to 3.34 per cent in March. ...Read More >
New Delhi [India], June 6 (ANI): Indian stock markets opened on a cautious note on Friday, as investors remained in a wait-and-watch mode ahead of the Reserve Bank of India's key monetary policy announcement. The policy decision is scheduled to be announced at 10 AM. The benchmark indices reflected this cautious mood. The Nifty 50 opened at 24,748.70, down just 2.20 points or 0.01 per cent. Similarly, the BSE Sensex also opened flat at 81,434.24, down 7.80 points or 0.01 per cent. Experts beli ...Read More >
New Delhi: Reserve Bank Governor Sanjay Malhotra is announcing the bi-monthly monetary policy amid widespread expectations of a third consecutive rate cut of 25 basis points or even bigger to propel economic growth against the backdrop of trade tensions triggered by Trump tariffs. The RBI's rate-setting panel Monetary Policy Committee (MPC) started its three-day deliberations on Wednesday.The central bank reduced the key benchmark lending rate (repo) by 25 bps points each in February and April t ...Read More >
MUMBAI, June 6 (Reuters) - The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a third consecutive reduction, as muted inflation provided space for policymakers to focus on supporting economic growth. The Monetary Policy Committee (MPC), which consists of three RBI officials and three external members, cut the repo rate (INREPO=ECI), opens new tab to 5.50%. It has now cut rates by 100 basis points in 2025, starting with a quarter-point redu ...Read More >
CHENNAI: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, concludes its three-day meeting today (June 6, 2025). Amid escalating global trade tensions stemming from new US tariffs imposed by President Donald Trump, expectations are mounting for an aggressive monetary easing by the RBI. Markets and analysts widely anticipate a 25 basis points (bps) cut, with some forecasting a jumbo 50 bps reduction to sustain domestic growth momentum and offset e ...Read More >
Mumbai: The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the policy repo rate today at 10 AM in Mumbai, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. This policy meeting comes at a time when inflation in the country has been steadily declining. According to the Ministry of Statistics and Programme Implementation, India's retail inflation fell to 3.16 per cent in April, compared to 3.34 per cent in March. The decline in inflation has broug ...Read More >
Sensex Today: Indian benchmark indices are set to trade cautiously on Friday, as investors brace for a mix of domestic and global triggers. Key focus areas include the Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) decision, fresh trade discussions between US President Donald Trump and China's Xi Jinping, institutional flows, and global market trends. As of 7:00 AM, GIFT Nifty futures were down 19 points at 24,843, suggesting a muted to slightly negative opening for the Indian ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the policy repo rate today at 10 AM in Mumbai, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. This policy meeting comes at a time when inflation in the country has been steadily declining. According to the Ministry of Statistics and Programme Implementation, India's retail inflation fell to 3.16 per cent in April, compared to 3.34 per cent in March. ...Read More >
New Delhi | June 6, 2025 - All eyes are on the Reserve Bank of India (RBI) today as the central bank's Monetary Policy Committee (MPC) wraps up its three-day meeting and announces its decision at 10 a.m. RBI Governor Sanjay Malhotra is widely expected to slash the repo rate, but the scale of the cut -- 25 or 50 basis points (bps) -- remains a point of intense debate among economists and market participants. Also Read: Vijay Mallya Issues Rare Message to Kingfisher Employees, Says "I...." Most ...Read More >
New Delhi: The Reserve Bank of India is set to give people some good news today, which is being discussed rapidly. The Reserve Bank will share information about the decision taken in the Monetary Policy Committee meeting shortly. RBI Governor Shaktikanta Das will announce the change in the repo rate at 10:30 am. It is believed that this time the repo rate can be cut. If this happens, borrowers can get relief from interest. If media reports are to be believed, this cut can be from 2 to 50 points ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated Ju ...Read More >
Mumbai June 6: The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the policy repo rate today at 10 AM in Mumbai, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. This policy meeting comes at a time when inflation in the country has been steadily declining. According to the Ministry of Statistics and Programme Implementation, India's retail inflation fell to 3.16 per cent in April, compared to 3.34 per cent in March. The decline in inflation has ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the policy repo rate today at 10 AM in Mumbai, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. This policy meeting comes at a time when inflation in the country has been steadily declining. According to the Ministry of Statistics and Programme Implementation, India's retail inflation fell to 3.16 per cent in April, compared to 3.34 per cent in March. ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, ...Read More >
Mumbai: Some economists are batting for an outsized rate cut-of half a percentage point instead of the customary quarter-as future price pressures appear benign and credit demand remains subdued. Economists from the State Bank of India and Piramal Enterprises are advocating a 50-basis-point (bps) reduction in the policy rates, due to be announced after the latest bi-monthly review Friday morning, even though an ET survey of a dozen bankers and economists indicates a 25 bps cut. One basis point ...Read More >
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