#Latest news with #ShubhadaRaoCNA2 days agoBusinessCNAReserve Bank of India lowers key interest rate by 50 basis points to 5.5% in surprise moveIndia'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.
CNA2 days agoBusinessCNAReserve Bank of India lowers key interest rate by 50 basis points to 5.5% in surprise moveIndia'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.
2 days ago
