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>> RESERVE BANK OF INDIA Latest News

1 HOUR AGO - Boston Herald

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India's central bank cuts key interest rate

NEW DELHI — India's central bank unexpectedly cut a key interest rate by a quarter percentage point, the second such cut this year because of lower inflation.Wednesday's cut brings the policy repo rate, at which commercial banks can borrow from the Reserve Bank of India, to 7.5 percent.The Reserve Bank of India made a similar cut in the key rate ...

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2 HOURS AGO - Zero Hedge

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India Central Bank Cuts Interest Rate "Pre-Emptively" For Second Time In 2 Months

In a surprise move, the RBI just cut its main interest rates for the second time in two months, taking it from 6.75% to 6.50%, in what the central bank calls a “pre-emptive” policy move, but what is in reality merely a confirmation that so far in 2015 at least 20 central banks have lowered their interest rate.  From the ...

Tags: India Central Bank Cuts Interest Rate "Pre-Emptively" For Second Time In 2 Months,  Reserve Bank Of India Latest News

3 HOURS AGO - CNN/Fortune magazine

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4 HOURS AGO - BBC

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India surprises with second rate cut

The Reserve Bank of India cuts its key interest rate, in a surprise move for the second time this year.

Tags: India surprises with second rate cut,  Reserve Bank Of India Latest News

4 HOURS AGO - MarketWatch

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India makes surprise rate cut, citing softening inflation

LOS ANGELES (MarketWatch) -- The Reserve Bank of India announced a surprise interest-rate cut Wednesday, trimming its policy repurchase rate by a quarter point to 7.5%. RBI Gov. Raghuram Rajan cited relatively benign inflation in making the move, saying in a statement that "softer readings on inflation are expected to come in through the first half of 2015-16 before firming ...

Tags: India makes surprise rate cut, citing softening inflation,  Reserve Bank Of India Latest News