RBI Policy Review
RBI cuts repo rate by 50 bps; sees little room for more
MUMBAI - India's first interest rate cut in three years may be its last for a while.
Fitch: RBI interest rate cut neutral for India rating
Apr 17 - The Reserve Bank of India's decision to cut its repurchase rate by 50 basis points to 8 percent Tuesday is neutral for India's 'BBB-' rating with Stable Outlook, Fitch Ratings says. We regard some monetary easing as an appropriate response to India's cyclical economic downturn, following a moderation in Indian inflation in the first part of 2012.
RBI has better understanding of growth, inflation now: Subbarao
MUMBAI - The Reserve Bank of India (RBI) cut its repo rate by 50 basis points (bps) on Tuesday and not by 25 bps as widely expected, because it has a better understanding of growth and inflation than during the March policy, Governor Duvvuri Subbarao said.
RBI rate action to help revive investment: Mukherjee
NEW DELHI - The Reserve Bank of India's (RBI) decision to cut its key interest rate, by an unexpectedly sharp 50 basis points, will help revive investment, Finance Minister Pranab Mukherjee told reporters on Tuesday.
Reuters Showcase
Market Moves
Track how various sectoral indices are performing after RBI's rate cut decision. Full Coverage
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