India’s falling prices give RBI room to ease policy further

The data signals weak demand, and opens room for the central bank to further cut interest rates to support an economy headed for its first annual contraction in more than four decades. The consumer price-targeting Reserve Bank of India has lowered borrowing costs by a cumulative 115 basis points this year, and pledged to ease more to support growth.

from Banking/Finance-Industry-Economic Times https://ift.tt/2YD0sZu