Reserve Bank of India lowers key interest rate by 50 basis points to 5.5% in surprise move
India's central bank has taken investors by surprise with a larger-than-expected slash to interest rates, while making it easier for banks to lend money. The Reserve Bank of India lowered its key repo rate by 50 basis points to 5.5 per cent. Most analysts had expected a 25-point cut. It is the third reduction in a row since February. Shubhada Rao, founder of QuantEco Research, speaks to CNA from Mumbai on the rationale behind the move.
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Independent Singapore
an hour ago
- Independent Singapore
Former DPM Teo Chee Hean to take over as Temasek chairman in Oct, succeeding Lim Boon Heng
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Straits Times
2 hours ago
- Straits Times
India, central Asian countries express interest in joint rare earths exploration
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CNA
2 hours ago
- CNA
Yageo says it will protect technology if Shibaura purchase succeeds
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