English | دری

India finally lowers key interest rate

in International Business

India finally lowers key interest rate

india's economyThe Reserve Bank of India (RBI) has been pressured to lower key interest rate from 8% to 7.75%.

The Bank was refusing to cut interest rate in order to make sure to keep inflation in check.

Amid the slowing of consumer price growth rate, the Bank finally cut its main interest rate for the first time in nine months, in a bid to revive economic growth.

India’s growth hit a three-year low in the July-September quarter and the RBI has been under increasing pressure to lower the cost of borrowing.



Related Articles

Standard Chartered Shares Bouncing Back Up

Shares of Standard Chartered Bank (SCB) price went up by almost 8% following a plummet of 16.43% late on Tuesday.

McDonald’s to pay Rs. 15,000 for delivering wrong burger

NDTV-Fast food giant McDonald’s has been directed by a consumer forum here to pay Rs. 15,000 as compensation to one

Japan’s Trade Deficit Widens amid Dwindling Demands from China and Europe

Japan’s exports fell 8.1% from the previous year, widening the trade deficit much more than the economists had predicted. The

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.