💨 Abstract

The Reserve Bank of India (RBI) has reduced the key benchmark rate by 25 basis points to 6.25% under new Governor Sanjay Malhotra to stimulate a sluggish economy. This is the first reduction in almost five years. The RBI expects the Indian economy to grow at 6.7% in the next fiscal year with inflation at 4.2%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖