RBI cuts repo rate to 9-year low https://ift.tt/2OhKzEe - Walletnews For Me

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Friday, October 4, 2019

RBI cuts repo rate to 9-year low https://ift.tt/2OhKzEe

As expected, the Reserve Bank of India (RBI) lowered its key policy rate yet again on Friday -- the fifth successive time this year that it has done so in a bid to spur slowing economic growth. But the news was overshadowed by the RBI's announcement that it was sharply reducing India's growth forecast for the fiscal year to 6.1% from 6.9% earlier.
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