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Expert views on RBI cutting repo rate

April 9 (Reuters) – The (RBI Reserve Bank of India) cut its key repo rate on Wednesday for a second consecutive time and changed its monetary policy stance to “accommodative” from “neutral” to boost the sluggish economy, which is facing further pressure from U.S. tariffs. As expected, the Monetary Policy Committee (MPC) cut the repo rate by 25 basis points to 6.00%. It started reducing rates with a quarter-point reduction in February, its first cut since May 2020. COMMENTARY ANIRUDH GARG, PARTNER AND FUND MANAGER, INVASSET, MUMBAI “The U.S. tariff escalations, weaker dollar and volatile crude prices pose potential risks

RBI cuts policy rate by 25 bps to 6 pc, second in a row

Mumbai, Apr 9 (PTI) The RBI on Wednesday slashed key interest rate by 25 basis points, for the second time in a row, to support a shuttering economy hit by reciprocal tariffs imposed by the US. Following the rate cut, the key policy rate eased to 6 per cent providing relief to home, auto and corporate loan borrowers. In its last policy in February, RBI had trimmed repo rate by 25 basis points to 6.25 per cent. This rate came after previous rate reduction in May 2020. The last revision of rates happened in February 2023 when the policy rate

Sensex, Nifty slump in early trade tracking weak Asian peers

Mumbai, Apr 9 (PTI) Benchmark equity indices slumped in early trade on Wednesday after a day’s breather in line with losses in Asian markets amid escalating trade tensions as domestic investors eye the Reserve Bank’s monetary policy decision to be announced later in the day. The 30-share BSE benchmark Sensex dropped 554.02 points to 73,673.06 in early trade. The NSE Nifty declined 178.85 points to 22,357. “With a whopping 104 per cent tariffs on China likely to kick in today, there is blood on the streets. Uncertainty reigns supreme. How global trade and the global economy evolve from this chaos

Congress leader Rahul Gandhi extends wishes to NSUI on their 55th foundation day

New Delhi [India], April 9 (ANI): Lok Sabha Leader of Opposition and Congress MP Rahul Gandhi on Wednesday extended warm wishes to the National Students’ Union of India (NSUI) on its 55th Foundation Day. Taking to social media, X, Rahul Gandhi wrote, “Warm wishes to all members of the NSUI family on the occasion of its 55th Foundation Day!” Warm wishes to all members of the NSUI family on the occasion of its 55th Foundation Day! For over five decades, NSUI has stood as an unwavering voice for students – championing their rights, empowering youth, and driving positive change across

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