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Archive for the tag “RBI”

India Cuts Rates As Distress Mounts Across South Asia Over Coronavirus

India’s central bank slashed interest rates in an emergency move on Friday to counter the economic fallout from the coronavirus pandemic after the federal government locked down the country in order to slow the spread of infections across the region.

Read Here – Reuters

With Growth This Bad, India Needs More Than Luck

With India’s growth tumbling to 4.5% from 8.1% in little more than a year, you’d be surprised to know that Shaktikanta Das has one of the easiest jobs in central banking. He just has to keep doing what he’s been doing since becoming governor of the Reserve Bank of India last December: cut interest rates. Fortunately, political will is on his side.

Read Here – BloombergView

Genteel Warriors

Central banking isn’t a contact sport like football, or even cricket. But the head of India’s central bank, who until recently was living and working in the U.S., is throwing some sharp elbows at his counterparts at the Federal Reserve. This is as close to a brawl as you’re likely to see in the genteel world of official monetary policy.

Read Here – Businessweek

India’s Financial System Needs New Boost

The Indian financial system suffers from a hangover of cronyism and corruption that have brought the government budgets on the verge of bankruptcy

 Read Here – The Hindu

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