Surprise rate cut plugs into India optimism - 0 views

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  #1 india incorporated on 16 Jan 15

   

  The Reserve Bank of India (RBI) sent markets soaring with a surprise interest rate cut which will make the cost of borrowing cheaper in India.
  
  In an announcement before the stock markets opened for trading, the central bank said inflationary pressures have been easing since July and the path of inflation has been below the expected trajectory.
  
  In its first rate cut since 2013, RBI cut the repurchase rate by 25 basis points to 7.75 per cent from the current 8 per cent but kept the Cash Reserve Ratio (CRR) unchanged at 4.0 per cent.
  
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  <div class="cArrow"> </div><div class="cContentInner">The Reserve Bank of India (RBI) sent markets soaring with a surprise interest rate cut which will make the cost of borrowing cheaper in India.<br /><br />In an announcement before the stock markets opened for trading, the central bank said inflationary pressures have been easing since July and the path of inflation has been below the expected trajectory.<br /><br />In its first rate cut since 2013, RBI cut the repurchase rate by 25 basis points to 7.75 per cent from the current 8 per cent but kept the Cash Reserve Ratio (CRR) unchanged at 4.0 per cent.<br /><br /><a href="http://www.indiaincorporated.com/item/4205-surprise-rate-cut-plugs-into-india-optimism.html" rel="nofollow">Read more...</a><br /><br />Visit us at: <a href="http://www.indiaincorporated.com/" rel="nofollow" title="Link: http://www.indiaincorporated.com">www.indiaincorporated.com</a></div>

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