RBI governor's maiden policy announcement brings relief to home, auto, and MSME borrowers
Reserve Bank of India (RBI) Governor Sanjay Malhotra brought good news to home, auto, and MSME borrowers by announcing a 25-basis point cut in the policy repo rate — the first reduction in five years.
Budget with ET
Tax calculator
The decision by the RBI's Monetary Policy Committee (MPC), which unanimously supported the rate cut, aligns with the recently concluded Union Budget, which aims to put more money into the hands of consumers and stimulate consumption.
As a result of this rate cut, banks are expected to reduce their loan rates by a similar amount.
RBI’s Monetary Policy Moves
The RBI had previously reduced the repo rate by 250 basis points between February 2019 and March 2022. However, the tightening cycle began in May 2022, when the RBI raised the policy repo rate by 250 basis points between May 2022 and February 2023. Since then, the repo rate has been maintained at 6.5%.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Mastering C++ Fundamentals with Generative AI: A Hands-On
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Master in Python Language Quickly Using the ChatGPT Open AI
By —
