RBI's rate cut sets stage for further easing of interest rates in near term: India Inc

Quick Summary:

The last revision of rates happened in February 2023 when the policy rate was hiked by 25 basis points to 6.5%.

It asserted that it will complement the consumption-boosting measures announced in last week's budget, providing much-needed support to the economy.

India Inc.cheered the Reserve Bank of India's (RBI) move to slash the benchmark interest rate for the first time in nearly five years on Friday.

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Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Points Policy Rates Rate Providing Privacy Basis Last Growth Sets India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-07 @ 10:32:03 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 368 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 25959472

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 26 posts per day

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