Tag Archives: Interest Rate

India Cuts Interest Rates to Support Investment

Jan. 31 – In a move that hopes to kick-start India’s flagging economy, the Reserve Bank of India (RBI) has lowered the nation’s interest rates from 8 percent to 7.75 percent. This marked the first time since April of last year that rates have been reduced, and only the second time in the past four years. “It is critical now to arrest the loss of growth momentum, without endangering external stability,” the RBI said in a statement.

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