India central bank cuts key rate for first time in nearly five years to spur economy
India's central bank has cut the key repo interest rate at which it lends to commercial banks by a quarter point to 6.25%. It's India's first rate cut in almost five years, but one widely expected from the Reserve Bank of India's new governor.
21hon MSN
Many economies seem to be settling into a lower-rate environment. That’s in stark contrast with the Federal Reserve, which ...
Recently, the Reserve Bank of India has cut the repo rate to 6.50 per cent after leaving it unchanged for 11 consecutive ...
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery ...
The former revenue secretary in the Ministry of Finance, Malhotra is expected to announce the cuts to lower interest rates ...
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