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The rate cut, the first in almost five years, comes a week after Finance Minister Nirmala Sitharaman presented the budget for FY26.

Consumer durables shares witnessed buying demand after declining for two consecutive trading sessions. At 14:25 IST, the barometer index, the S&P BSE Sensex, shed 556.63 points or 0.71% to 77,501.53.

The RBI MPC projected the real GDP growth for FY26 at 6.7 per cent, slightly higher than the revised estimate of 6.6 per cent for FY25.

This will bring international digital transactions made using Indian-issued cards under the same security standards of domestic transactions ...

The rate cut could be the beginning of a low-interest cycle and is expected to ease the burden on loan borrowers, as banks ...