RBI’s first rate cut in five years is small but can be effective
By cutting rates, the RBI sends a message that it is ready to support growth, confident that the worst of inflation is over.
UPSC Key: RBI reduce Repo rate, H-1B visa paradox, and Manual Scavenging
Why the RBI’s Monetary Policy Committee (MPC) decision to reduce the Repo rate is relevant to the UPSC exam? What is the ...