RBI has cut rates by 110 bps since April, but average lending rates goes up 8 bps: Report

Economic growth has fallen to a six-year-low of 5 percent in the June quarter and is widely expected to slip further with almost all key components of the economy contracting or falling since the first three months. The RBI has responded by cutting rates by 110 basis to a nine-year-low of 5.40 percent since April courtesy low inflation.

from Banking/Finance-Industry-Economic Times https://ift.tt/33ZSpqS