Mexican Media Brands
India’s Central Bank Cuts Interest Rate
India’s central bank has lowered its primary lending rate by 0.25 points to 6.25%, the lowest in six years.
#economics
Share
India’s central bank has lowered its primary lending rate by 0.25 points to 6.25%, the lowest in six years.
The choice to reduce the rate came from the Reserve Bank of India’s new six-member committee. Previously, the final decision was made by the bank’s governor.
RBI says the reduction will add liquidity to the Indian economy and help push growth to 7.6% for the fiscal year that began on April 1. The central bank also notes that inflation is declining. India’s government targets a 4% inflation rate but considers any rate between 2% and 6% acceptable.
RELATED CONTENT
-
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.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.