In Other News: India's Proactive Monetary Easing

In a move aimed at stimulating economic activity, the Reserve Bank of India (RBI) recently implemented a larger-than-expected half-percentage-point cut in its key interest rate.

Complementing this, the RBI also reduced the 'cash reserve ratio' – the proportion of deposits that retail banks must hold in reserve – by a full percentage point.

This significant adjustment is expected to free up billions of rupees for banks to lend, thereby boosting liquidity in the Indian financial system.

These decisive cuts are designed to sustain India's robust economic growth, closer to the country's 8% target.