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India's Central Bank Delivers Jumbo Rate Cut to Guard Growth -- Update
India's growth-inflation dynamics call for frontloading rate cuts to support growth, RBI Gov. Sanjay Malhotra said, citing a marked pullback in inflation over the past six months. The central bank lowered its inflation forecast for the year to 3.7% from 4.0%.
RBI projects 3.7% inflation, 6.5% GDP growth for FY26, emphasizing strong fundamentals and growth potential in India.
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Governor Sanjay Malhotra made the prediction while announcing the RBI's bimonthly monetary policy after three days of MPC ...
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