MUMBAI -- The Reserve Bank of India on Friday cut its key interest rate for the first time since May 2020, as concerns about a slowing economic growth rate appeared to take precedence over sticky inflation and a weakening rupee.
Economy
India cuts rates for first time in nearly five years to 6.25%
New Gov. Malhotra prioritizes economic growth amid inflation and weak rupee
Reserve Bank of India Gov. Sanjay Malhotra oversaw his first monetary policy meeting this week, after he took office in December. (Nikkei montage/Source photos by Reuters and Ken Kobayashi)
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