Arab Today, arab today india makes surprise interest rate cut to 75
Last Updated : GMT 12:18:19
Arab Today, arab today
Arab Today, arab today

India makes surprise interest rate cut to 7.5%

Arab Today, arab today

Arab Today, arab today India makes surprise interest rate cut to 7.5%

India's central bank
Mumbai - AFP

India's central bank cut interest rates by 25 basis points on Wednesday in a surprise announcement, days after the new right-wing government's first full-year budget.
The Reserve Bank of India (RBI) said the benchmark repo rate -- the level at which it lends to commercial banks -- would fall to 7.5 percent as it forecast a slowdown in inflation in the coming financial year.

 

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