India makes fresh attempt to spur growth

The Reserve Bank of India announced a fresh round of rate cuts on Wednesday aimed at restoring the health of its ailing economy.

The central bank cut its key repo rate by half a point to 5% - the lowest level since the rate was introduced in 2000. The reverse repo rate was cut by the same margin to 3.5%, which was also an all-time low.

The Reserve Bank said growth had been stunted by the credit crisis and its impact on the world economy. The impact had "turned out to be deeper and wider than

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: