"The accompanying liquidity-enhancing measures, including open market purchases and forex swaps, underscore the growth-supportive nature of this policy decision. The repo rate cut is expected to support growth next fiscal, as monetary policy typically has a lagged effect."
India's macroeconomic outlook remains firmly positive, with easing inflation, strengthening domestic demand and improving policy transmission placing the economy on a stable growth path, noted the Monthly Economic Review released on Thursday, by the Department of Economic Affairs, Ministry o
Chandrajit Banerjee, Director General, CII, said, "The recent series of liquidity easing measures introduced over the past two weeks will aid in the effective transmission of the rate cut to the productive sectors of the economy. Additionally, the RBI's indication that it will inject liquidi
Mumbai (Maharashtra) [India], July 29 (ANI): Government-owned State Bank of India (SBI) has slashed deposit rates on various tenors due to surplus liquidity and falling interest rate scenario.