RBI: India cuts rates as Trump's tariffs put growth at risk
Source: BBC
India's central bank has cut interest rates by 0.25% amid a spate of downgrades to growth following Donald Trump's tariff announcements.The Reserve Bank of India (RBI) reduced repo rates from 6.25% to 6%, a second cut since February when rates were brought down after nearly five years.The repo rate is the level at which the central bank lends to commercial banks, influencing borrowing costs.The RBI also brought…
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