RBI reduces repo rate by 25bps, maintains 'neutral' stance; The Reserve Bank of India projected inflation for FY25 at 4.8% and for FY26 at 4.2%. This was the first monetary policy for the newly appointed RBI Governor Sanjay Malhotra. 5 1 replies
RBI allows 30 countries to open 156 vostro accounts with Indian banks for cross-border rupee trade. Additionally, the government is negotiating Free Trade Agreements (FTAs) with Oman, Australia, the UK, and the EU. 4 1 replies