India's central bank cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth. The RBI cut its policy repo rate to 8.00 percent.
The RBI raised rates 13 times between March 2010 and October 2011.
The RBI raised rates 13 times between March 2010 and October 2011.
No comments:
Post a Comment