Central Banks
RBI Signals More Rate Cuts to Come in India as Tariffs Hit
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India’s central bank cut interest rates, as expected, and signaled more easing to come as it seeks to bolster Asia’s third-largest economy in the face of damaging US tariffs.
The Reserve Bank of India’s six-member monetary policy committee, headed by Governor Sanjay Malhotra, voted unanimously to lower the repurchase rate by 25 basis point to 6%, in line with a Bloomberg survey.