RBI cuts policy rate by 25 bps to 6 pc, second in a row
Mumbai (PTI): The RBI on Wednesday slashed key interest rate by 25 basis points, for the second time in a row, to support a shuttering economy hit by reciprocal tariffs imposed by the US.
Following the rate cut, the key policy rate eased to 6 per cent providing relief to home, auto and corporate loan borrowers.
In its last policy in February, RBI had trimmed repo rate by 25 basis points to 6.25 per cent. This rate came after previous rate reduction in May 2020. The last revision of rates happened in February 2023 when the policy rate was hiked by 25 basis points to 6.5 per cent.
The Monetary Policy Committee (MPC) unanimously decided to slash the policy rate by 25 basis points to 6.25 per cent, RBI Governor Sanjay Malhotra said.
RBI has lowered the GDP growth forecast to 6.5 per cent from earlier projection of 6.7 per cent due to global uncertainties.
Last week, US President Donald Trump had announced a hefty 26 per cent reciprocal tariffs on Indian imports, effective April 9.
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Rajasthan woman's throat slit, silver anklets stolen after cutting off legs
Jaipur, Apr 21 (PTI): Unidentified miscreants murdered a woman by slitting her throat and stole her silver anklets after cutting off her legs in Rajasthan’s Sawaimadhopur district, police said on Monday.
The incident occurred in the Bamanwas police station area, they said.
SHO Rakesh Kumar Sharma said 50-year-old Urmila Devi had gone to her farm on Sunday to collect wood. Some unknown miscreants killed her by slitting her throat and stole her silver anklets after cutting off her legs.
After getting information about the incident, villagers staged a dharna and demanded immediate arrest of the accused. The protest was called off on Monday after consensus was reached.
The body’s post-mortem will be conducted on Tuesday. Efforts are on to identify and arrest the accused, the SHO said.
