Rajan makes surprise cut in interest rates
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Mumbai
RESERVE Bank of India governor Raghuram Rajan has unexpectedly cut interest rates to help revive growth in Asia's third-largest economy after a slide in the inflation rate.
In an unscheduled review, Mr Rajan lowered the benchmark repurchase rate to 7.75 per cent from 8 per cent, he said in a statement, the first reduction since May 2013.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
