India's Central Bank cuts interest rates amid global economic uncertainty
submitted 12 months ago by uzong
submitted 12 months ago by uzong
- India's central bank reduced interest rates for the second time this year to help the slowing economy cope with the impact of US President Trump's tariffs, aiming to boost growth amidst challenging global economic conditions.
- The Reserve Bank of India's decision to cut the benchmark repo rate by 25 basis points to 6 percent was influenced by easing inflation concerns and the need to support growth in the face of uncertainties from trade tariffs.
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