Monetary Policy and Interest Rates Update: Impacts on Borrowers, Small Businesses, and Consumers in India
The Reserve Bank of India (RBI) plays a pivotal role in shaping the financial landscape of the country by regulating key economic levers, including interest rates. Monetary policy, specifically interest rate adjustments, has a far-reaching impact on the economy, affecting everything from inflation and currency value to household budgets and business investments. In this detailed…