The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points (bps) on Friday, a third consecutive reduction, and slashed the reserve ratio for banks as muted ...

“The 50 bps rate cut, coupled with the 100 bps reduction in the Cash Reserve Ratio (CRR), injects much-needed liquidity into the system. This gives banks more headroom to transmit lower rates ...