SubscribeAll Posts Tagged With: "indian economy"
India Starts 2009 With More Rate Cuts and Stimuli
India started the year on an actionable note by sharply cutting interest rates and unveiling another stimulus package.
The Reserve Bank of India lowered its repurchase rate by one percentage point to 5.5%, and lowered the reverse-repurchase rate by one percentage point to 4%.
Story continues below…
|
Sign up right now, and we’ll send you an important new report for free: “The Three Best Investments in Asia.” |
As part of its stimulus plan, the government eased inflation controls and raised the overseas investment limit to $15 billion from $6 billion. India’s federal government also green-lighted state-level initiatives to raise an additional $6.18…
5Jan2009 | Money Morning | 0 comments | ContinuedWith its Surprise Interest-Rate Cut, India Puts Itself “Ahead of the Curve,†India Expert Rahemtulla Says
With its central bank’s surprise interest-rate cut on Monday, India may actually be ahead of the monetary-policy curve for the first time ever as it moves to avert a recession that Asia’s third-largest economy needs to avoid, India investing expert Karim Rahemtulla said yesterday (Tuesday).
The Reserve Bank of India cut its overnight lending rate from 9% to 8%, according to a government statement issued in Mumbai yesterday. The “surprise move” that came days before a regularly scheduled meeting of its policy board came after India’s central bank reduced the cash reserve ratio by 2.5 percentage points to 6.5% – retroactive to Oct. 11,…
22Oct2008 | Money Morning | Comments Off | Continued
Loading ...
