RBI Cuts Repo Rate to 6% to Protect India’s Economy from Global Trade Issues
Introduction: RBI’s Strategic Decision The Reserve Bank of India (RBI), under Governor Sanjay Malhotra, has cut the repo rate by 0.25%, making it 6%. This means loans can become cheaper. The RBI did this because new trade rules in the U.S. might hurt global trade and affect India’s economy. So, this step is to help […]
