India’s central bank decided to cut its key interest rates by 25 basis points to the lowest since 2010, as slowing inflation provided room for easing, but the bank cautioned that price growth could accelerate from the current lows. At the third bi-monthly monetary policy meeting on Wednesday, policymakers at the Reserve Bank of India voted to lower the repo rate to 6.00 percent from 6.25 percent.
Read Full Story
Latest posts by Top News Editor (see all)
- Dollar Sheds Ground Amid Trade Deal Optimism, Weak Data - November 15, 2019
- U.S. Business Inventories Unexpectedly Unchanged In September - November 15, 2019
- U.S. Industrial Production Slumps Due To Strike At GM - November 15, 2019