India’s Central Bank Cuts Interest Rate in Emergency Move

Investing.com | Mar 27, 2020 at 12:00 AM
  • The Reserve Bank of India cut interest rates in an unscheduled move.
  • India’s economy, which expanded 4.7% in the quarter ended December, hasn’t seen a contraction in at least two decades.
  • Governor Shaktikanta Das had earlier signaled his willingness to cut interest rates as risks from the virus outbreak worsens.