RBI cuts main rate again as growth fears deepen

reserve-bank-of-india

The Reserve Bank of India’s monetary policy committee made its second consecutive rate cut today (April 4), voting by four to two to cut rates.

The MPC’s announcement cited a worsening economic outlook as a key reason to cut the main rate 25 basis points to 6%. Policy-makers noted growth had disappointed, with high-frequency indicators pointing to a slowdown in manufacturing and “subdued” investment demand. Credit flows to small businesses were “muted”.

“Overall, the output gap remains

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: