India | RBI cuts repo rate, signaling an increased focus on growth
Publicada el martes, 29 de enero de 2013 | Actualizada el jueves, 16 de junio de 2016
India | RBI cuts repo rate, signaling an increased focus on growth
As expected, the Reserve Bank of India (RBI) cut its benchmark repo rate and Cash Reserve Ratio (CRR) by 25 bps each to 7.75% and 4.0% respectively. The move was the first rate cut since April 2012, with the RBI basing its decision on: (i) a moderation in inflation; (ii) deceleration in growth; and (iii) tight liquidity conditions.
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