Tag: India cuts key interest rate to bolster economy

Sept 29, 2015 (LBO) – India’s central bank reduced its policy interest rates by a larger-than-expected amount to support the economy  amid China’s slowdown, media reports said. The benchmark repurchase rate was cut to 6.75 percent from 7.25 percent with most analysts expecting only a quarter percentage point cut. “The weakening of global activity since […]