In the final monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks to 6.25 per cent.
The decision was guided on the basis of an assessment of the evolving macroeconomic situation, the RBI said.
The central bank was more accomodating, changing its monetary policy stance from "calibrated tightening" to "neutral".
--IANS
rv-bc/in
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)