India  

India's central bank cuts rates more than expected to boost growth

Video Credit: AFP English - Duration: 00:50s - Published
India's central bank cuts rates more than expected to boost growth

India's central bank cuts rates more than expected to boost growth

India's central bank cuts interest rates more than expected, citing muted inflation and a need to kickstart economic growth as the impact of US tariffs weighs on the country's outlook.

The Reserve Bank of India lowers the benchmark repo rate, the level at which it lends to commercial banks, by 50 basis points to 5.5 percent.


You Might Like

Related news from verified sources

Economists divided as central bank weighs third repo rate cut

The Reserve Bank of India's MPC met to review interest rates, with economists divided on the extent...
IndiaTimes - Published


Related videos from verified sources

Chancellor welcomes interest rate cut [Video]

Chancellor welcomes interest rate cut

Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now..

Credit: ODN     Duration: 00:30Published