New Delhi: India’s central bank lowered its benchmark interest rate for the first time in six months and signaled its open to further easing, predicting inflation will remain relatively low even as the economy continues to boom.

The Reserve Bank of India’s six-member monetary policy committee voted unanimously to cut the repurchase rate by 25 basis points to 5.25% on Friday, in line with the forecasts of most economists surveyed by Bloomberg. The policy stance was retained at neutral.

Governor Sanjay Malhotra said inflation at a record low and growth above 8% mean India was in a “rare Goldilocks period.” Inflation is expected to remain relatively muted, while the economy is proving resilient in the face of high US tariffs, giving policymakers scope to ease. Show Full Article

“The growt

See Full Page