RBI Governor Signals More Rate Cuts Following Two Consecutive Reductions
After effecting two back-to-back 25 basis points rate cuts, Reserve Bank Governor Sanjay Malhotra on Wednesday hinted at another reduction in key policy rate by changing the central bank’s monetary stance to ‘accomodative’ from ‘neutral’, which may further lower EMIs for consumers. The bi-monthly monetary policy is scheduled to be announced on June 6. Unveiling…
