Mexican Media Brands
India Lowers Interest Rate Again
The Reserve Bank of India has trimmed its key lending rate to 7.25% from 7.5%. It was the central bank's third reduction this year.
#economics
Share
The Reserve Bank of India has trimmed its key lending rate to 7.25% from 7.5%. It was the central bank's third reduction this year.
The bank says it implemented the cut because of India's declining consumer price index, low domestic capacity utilization, "subdued" investment growth and other "mixed indicators of recovery."
The adjustment came days after the government calculated a 7.5% increase in India's gross domestic product in January-March. Many economists complain the government's new method of determining GDP activity may not be accurate because it ignores several traditional economic indicators.
Analysts predict no further action by the RBI on interest rates until the end of 2015, pending an increase in India's inflation rate. The bank targets an inflation range of 2%-6%. April's rate was 4.9%..
RELATED CONTENT
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.