💨 Abstract

India is expected to reduce interest rates by 25 basis points to 6.25% on Friday, marking the first rate cut in nearly five years. The move aims to stimulate the sluggish economy, with inflation easing to a four-month low of 5.22% in December. The Monetary Policy Committee is predicted to make this change after keeping the rate unchanged for eleven straight meetings.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖