The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The central bank forecast real GDP growth for next fiscal year at 6.

Projects FY26 inflation at 4.2%, GDP growth at 6.7%

NEW DELHI: India’s central bank will be agile in responding to the liquidity needs of the banking system, Reserve Bank of India (RBI) Governor Sanjay Malhotra told reporters on Saturday.