Indian business leaders urge central bank to cut benchmark rate by 50 basis points
16 Jan Indian business leaders urge central bank to cut benchmark rate by 50 basis points
Posted at 14:15h
in
News
by KMFSLLP
India’s top business groups on
Thursday urged the central bank to cut its benchmark interest
rate by at least half a percentage point and lower the cash
reserve ratio it imposes on banks to stimulate an economy that
is showing signs of weakness.
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