'I am not Sanjay of Mahabharata': RBI governor on where repo rate will head amidst Trump's tariff wars

Quick Summary:

Amidst global economic uncertainties fueled by trade tariffs, the RBI has cut the repo rate to 6.5% and adopted an accommodative stance, signaling a potential for further rate reductions.

While aiming for growth-supportive monetary policy, the RBI acknowledges challenges and revised downwards GDP growth projections for FY 2025-26 to 6.5%.

RBI governor-led Monetary Policy Committee (MPC) on Wednesday cut the repo rate by 25 basis points to 6.5%.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaChina

Topics: Repo rate US President Donald Trump tariffs Monetary Policy Committee Business news Indian economy RBI Governor Sanjay Malhotra

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 15:12:54 (6 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 809 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 27750454

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