Reported about 3 hours ago
India's new central bank governor, Sanjay Malhotra, is anticipated to announce an interest rate cut in his first policy meeting as he shifts focus towards stimulating economic growth amidst rising global risks. Economists predict a reduction of at least 25 basis points to 6.25%, potentially even a larger cut of 50 basis points. Malhotra's approach is seen as more accommodating than his predecessor, with expectations for a looser monetary policy to support a slowing economy.
Source: YAHOO