RBI seen making sixth interest rate cut, but it might not revive economy
A 25 bps cut would take the cumulative rate cuts by Asia's most aggressive central bank to 160 bps since February and will be the most in a calendar year since 2009.Sector-specific measures and increased government spending could be the quickest way to boost …
Mumbai: Five interest rate cuts since the start of the year hasn't stopped India's economy from slowing to its weakest growth rate since 2013, but the Reserve Bank of India (RBI) is expected to make its sixth cut on Thursday to give what little relief it can.
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