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India beats forecasts with 7.4% growth in first quarter

India's economy grew 7.4% in the January-March quarter from a year earlier, much faster than forecasts and driven by the construction and manufacturing sectors, data showed today.

Business • 30 May

The Reserve Bank of India today cut its repo rate by 25 basis points to 6% as expected

India central bank cuts rates as US tariffs add to risks

The Reserve Bank of India (RBI) has today lowered its key repo rate for a second consecutive time and changed its monetary policy stance signalling room for more cuts ahead, as it seeks to boost the sluggish economy in the face of fresh US tariffs.

Business • 09 Apr

The Reserve Bank of India said the benchmark repo rate, the level at which it lends to commercial banks, would be reduced by 25 basis points to 6.25%

India's central bank delivers first rate cut since 2020

India's central bank cut interest rates today for the first time in nearly five years, as concerns over a growth slowdown in the world's fifth largest economy outweighed inflation risks.

Business • 07 Feb

Reserve Bank of India's Monetary Policy Committee kept the repo rate unchanged at 6.5% for a tenth policy meeting in a row

India's central bank holds key interest rates steady

The Reserve Bank of India (RBI) kept its key interest rate unchanged today as widely expected, but changed its policy stance to "neutral", opening the door for rate cuts as early as December.

Business • 09 Oct 24

The Reserve Bank of India kept its key interest rate unchanged today - as expected

India's central bank holds rates again despite volatility

The Reserve Bank of India (RBI) kept its key interest rate unchanged today, as widely expected, retaining its focus on bringing inflation down even as global market volatility left other major central banks poised to ease policy.

Business • 08 Aug 24

The central bank raised its economic growth outlook for the current year but kept its outlook on inflation unchanged

India's central bank holds rates, raises growth outlook

The Reserve Bank of India (RBI) kept its key interest rate unchanged today in a widely expected move, saying robust economic growth will give it space to focus on bringing down inflation towards its medium-term target of 4%.

Business • 07 Jun 24

Inflation in India hit 5.69% in December 2023, higher than November's 5.55%, and well above the central bank's target of 4%.

India's central bank holds rates, vows to cut inflation

India's central bank kept interest rates unchanged for a sixth time in a row today, as both inflation and economic growth remain high in the world's fifth-largest economy.

Business • 08 Feb 24

Shaktikanta Das, the governor of the Reserve Bank of India

India holds key rate steady in surprise decision

The Reserve Bank of India (RBI) surprised markets by holding its key repo rate steady today after six consecutive hikes, saying it was closely monitoring the impact of recent global financial turbulence on the economy.

Business • 06 Apr 23

The Reserve Bank of India raised its key lending rate by 50 basis points to 5.4% - a level last seen in August 2019

India hikes interest rates to pre-pandemic level

India's central bank has today increased interest rates for the third time in four months, as Asia's third-largest economy contends with a widening trade deficit and weakening currency.

Business • 05 Aug 22

The Reserve Bank of India's head office in Mumbai

India's central bank holds interest rates steady

India's central bank held its key lending rate at a record low today, saying growth was a priority as it warned of risks from inflation and the new Omicron variant on the economic recovery.

Business • 08 Dec 21

India's economy grew at its slowest pace in more than six years in the third quarter

India quarterly growth falls to worst level in six year

India's economy grew at its slowest pace in more than six years in the three months from July to September, down to 4.5% from 7% a year ago, according to government figures today.

Business • 29 Nov 19

The Reserve Bank of India said the benchmark repo rate - the level at which it lends to banks - would be increased by 25 basis points to 6.25%

India hikes interest rates for first time in four years

India's central bank raised interest rates for the first time in over four years today, highlighting concerns over rising inflation.

Business • 06 Jun 18

Reserve Bank of India cuts its key lending rate to 7.75% from 8%

India makes surprise early interest rate cut

The Reserve Bank of India surprised markets with a 25 basis point cut in interest rates today and signalled it could do more.

Business • 15 Jan 15

The Reserve Bank of India indicated that rates could fall early next year as inflation begins to slide

India holds rates unchanged, calls cut ‘premature'

India's central bank has kept interest rates unchanged, saying a reduction would be "premature".

Business • 02 Dec 14

India's economy grew by 5.3% in latest quarter - beating expectations

India's quarterly growth rises 5.3%

India said its economy grew by 5.3% in the three months to September - weaker than the previous quarter and stirring hopes of an interest rate cut to spur investment.

Business • 28 Nov 14

Reserve Bank of India cuts rates to 7.75%

India cuts key interest rate by quarter point

India's central bank cut its key interest rate by a quarter percentage point to 7.75% today, aiming to boost flagging growth in Asia's third-largest economy.

Business • 29 Jan 13

Reserve Bank of India