You are here

Money markets passing on rate cuts: Reserve Bank of India

BT_20150903_RAJAN_1857143.jpg
Sliding money-market rates show interest-rate cuts by Reserve Bank of India can revive the economy, says Mr Rajan (above)

Mumbai

SLIDING money-market rates have been hailed by Reserve Bank of India governor Raghuram Rajan as evidence his interest-rate cuts can revive the economy while banks fail to pull their weight.

One-year commercial paper rates dropped 72 basis points in 2015 to 8.30 per cent on

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom