
RBI Monetary Policy: Is the rate cut a growth pill to boost demand? Here’s what it means for the Indian economy | Stock Market News
Source: Live Mint The Monetary Policy Committee (MPC) of the Reserve Bank of India, led by Governor Sanjay Malhotra, has proposed a new repo rate of 6.25%. The new rate is likely to spur demand for retail loans, which should further boost liquidity in the economy, and therefore encourage consumption and boost economic growth. The…