The Reserve Bank of India (RBI) is often referred to as the ‘banker’s bank’. But it is not just any bank; it plays a crucial role in maintaining the stability of India’s economy. To maintain financial stability and control inflation, the RBI employs several important tools.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction