The RBI has cut key policy rates by 25 basis points in the central bank's third consecutive rate cut, which comes amid slow growth for the fourth consecutive quarter.
The Indian rupee tumbled the most in three months after RBI lowered the repurchase rate but refrained from shifting to a more easy stance on monetary policy.
In a country where unemployment is at a historic high, the national anxiety isn’t about jobs — it’s about reach. Aspirations have shifted from employment to engagement, from careers to content.
As part of a much larger initiative to restore the economy to health, rate cuts might do some good. However, if no meaningful reforms are contemplated, the RBI dutifully cutting rates – amidst a drought of liquidity – is as effective as pushing a string.
As part of a much larger initiative to restore the economy to health, rate cuts might do some good. However, if no meaningful reforms are contemplated, the RBI dutifully cutting rates – amidst a drought of liquidity – is as effective as pushing a string.