The Reserve Bank of India is expected to cut interest rates at its Monetary Policy Committee meeting, which starts today. This could lead to lower borrowing costs for loans like home, vehicle, and personal loans. The decision is also influenced by measures to stimulate economic growth outlined in the recent Union budget. However, uncertainties remain due to US trade policies. There is anticipation of a rate cut, as the government and RBI aim to align their policies for economic growth. Factors like easing inflation, signs of economic recovery, agricultural stability, and growth in key sectors support the case for a rate cut.
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