Led by governor Shaktikanta Das (pic), the RBI has already cut interest rates by 135 basis points in five moves this year, the most by any Asian central bank.
MUMBAI: India’s deepening economic slowdown gives the central bank more reason to cut interest rates this week, adding to the fiscal stimulus already in the works.
The Reserve Bank of India (RBI) will deliver its rate decision on Dec 5, days after a report showed growth collapsed to 4.5% in the July-September quarter, the first time it’s been below 5% since 2013.
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