The Reserve Bank of India (RBI) recently cut the repo rate by 50 basis points (0.50%), reducing it from 6% to 5.50%. Banks are catching up. Following other major banks, Canara Bank's Repo Linked ...

Regarding local economic condition, the Central Bank said inflation remains low, with headline inflation at 0.7% in February 2025, up from 0.5% in December 2024.

Although the inflation rate for February was unchanged at 3.2%, well within the Reserve Bank’s target range, economists do not expect that the bank will move to cut the repo rate on Thurday ...

This larger-than-expected cut in the repo rate was accompanied by a 100 bps cut in the Cash Reserve Ratio (CRR), now reduced to 3 per cent, aimed at enhancing liquidity by ₹2.5 lakh crore.

The bank lowered its inflation projections for 2025 and 2026 to 3.9% and 4.3% respectively, reflecting a smaller-than-anticipated rise in administered prices and a stronger exchange rate.

The Reserve Bank of India (RBI) lowered its key repo rate on Wednesday for a second consecutive time and changed its monetary policy stance signalling room for more cuts ahead, as it seeks to ...