RBI mulls all options, including rate hike, as rupee slumps
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RBI mulls all options, including rate hike, as rupee slumps
The Reserve Bank of India is exploring all avenues to steady the rupee. Options include raising interest rates and currency swaps. Officials are meeting to discuss actions after the rupee hit a new low. Measures mirror those from 2013. The central bank aims to stop depreciation and is ready to act.»»»
India's central bank delivers first rate cut in nearly 5 years
The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday and signalled a less restrictive policy approach ahead, as it seeks to provide stimulus to the sluggish economy. The Monetary Policy Committee (MPC), which consists of three RBI and three externa»»»
India central bank cuts rates for first time in nearly 5 years; signals less restrictive approach
MUMBAI: The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday (Feb 7) and signalled a less restrictive policy approach ahead, as it seeks to provide stimulus to the sluggish economy. The Monetary Policy Committee (MPC), which consists of three RBI a»»»
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