RBI on Thursday reduced its repo rate by 25 bps to 5.75% to boost growth after GDP growth slowed to a five-year low of 5.8% last quarter. The benchmark interest rate was reduced by 25 bps each in last two policy reviews. Retail inflation was at 2.92% in April, staying below the medium-term target of 4% for nine straight months.
RBI on Thursday reduced its repo rate by 25 bps to 5.75% to boost growth after GDP growth slowed to a five-year low of 5.8% last quarter. The benchmark interest rate was reduced by 25 bps each in last two policy reviews. Retail inflation was at 2.92% in April, staying below the medium-term target of 4% for nine straight months.
