India central bank lowers key policy repo rate by 25 bps to 7.5%
Mumbai
INDIAN government bonds surged to their highest in nearly 20 months, while the rupee jumped to a one-month high on Wednesday after the central bank lowered interest rates, in a move that came earlier than expected.
India's central bank lowered its key policy repo rate by 25 basis points to 7.5 per cent, its second inter-meeting cut this year on the back of easing inflation and what it said was the "weak state" of parts of the economy.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea to slap fines on food suppliers for ‘shrinkflation’
Stormy Daniels’ ex-lawyer in the hot seat at Trump trial
New Zealand says ‘seriously concerned’ by China’s increased security actions in Pacific
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools