By cutting rates, the RBI sends a message that it is ready to support growth, confident that the worst of inflation is over.

All six members of the Reserve Bank of India’s monetary policy committee, chaired by Governor Sanjay Malhotra, voted unanimously to lower the benchmark repurchase rate by 25 basis points to 6.25 ...

RBI Governor Sanjay Malhotra urged banks to actively trade in the uncollateralized call money market instead of passively ...