Responding to coronavirus crisis, India slashes rates
The Reserve Bank of India (RBI) Governor Shaktikanta Das arrives to attend a news conference after a monetary policy review in Mumbai/ MUMBAI (Reuters) - The Reserve Bank of India slashed interest rates on Friday, following other central banks that have taken emergency measures to counter the economic fallout from the fast-spreading coronavirus pandemic. The RBI said it has decided to retain its accommodative stance as long as necessary to revive growth and mitigate the impact of coronavirus on the economy, while ensuring that inflation ...
Click
To Read Full Article