💨 Abstract

The Reserve Bank of India (RBI) has reduced its key benchmark rate by 25 basis points to 6.25%, marking its first cut in almost five years. This move aims to stimulate a sluggish economy and lower interest rates on loans such as home, auto, and personal loans. The RBI forecasts the Indian economy to grow at 6.7%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖