RBI cuts repo rate by another 25 bps; stance changes to accommodative

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The story "RBI cuts repo rate by another 25 bps; stance changes to accommodative" was covered 1 weeks ago by Business Standard, a news publisher based in India.

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RBI cuts repo rate by another 25 bps; stance changes to accommodative - Business Standard

Quick Summary:

However, he added that the stance should not be associated with the liquidity situation.“The MPC noted that inflation is currently below the target, supported by a sharp fall in food inflation.

Liquidity turned into surplus after more than four months in April, driven by government spending and the RBI’s efforts to inject liquidity through dollar–rupee buy/sell swap auctions, Open Market Operations, and variable rate repo auctions.

This marked the first time since August 2024 that inflation dropped below the central bank’s medium-term target of 4 per cent.