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India's central bank surprises with 50 basis point cut, extends easing cycle
asia.nikkei.com/Economy/India-s-central-bank-surprises-with-50-basis-point-cut-extends-easing-cycle
MUMBAI -- The Reserve Bank of India on Friday cut its key policy rate by an unexpectedly sharp 50 basis points to 5.5%, its lowest level in nearly three years, as tepid inflation allowed the bank to focus on spurring economic growth.
This was the central bank's third consecutive rate…
This story appeared on asia.nikkei.com, 2025-06-06 00:00:00.