Will the RBI rate cut push Indians to swap fixed deposits for stock market investments?
In a surprise move, the Reserve Bank of India announced a 50 basis point reduction in the repo rate during the second bi-monthly MPC meeting on Friday, bringing the rate down to a three-year low of 5.5%, signalling the regulator’s confidence in India’s overall sound macroeconomic condition.With inflation easing, the central bank has shifted its focus to reviving growth, affirming that India’s growth story remains strong despite global uncertainties. This move is expected to benefit both consumers and businesses, as lower costs will encourage buyers to spend more on big-ticket...