Tag: RBI
RBI Holds Repo Rate at 5.5% as Global Trade Tensions Cloud Outlook
RBI kept the repo rate steady at 5.5% at its August 2025 meeting, pausing further cuts amid global trade tensions and despite inflation hitting a six-year low. Borrowers won't see immediate changes to home or car loan EMIs, with the central bank keeping a watchful stance until its next review in September.
Shaktikanta Das Becomes PM Modi's Principal Secretary: A Strategic Appointment
Shaktikanta Das, former RBI Governor, is now PM Modi’s Principal Secretary. Known for his economic acumen, Das's appointment ensures experienced leadership in Modi’s office. His prior contributions include landmark reforms and effective crisis management during the pandemic, making him a trusted figure in India’s economic landscape.