Central Bank Watch
Reserve Bank of India Also Cut Rates Sharply Last Week
December 7, 2008
The Reserve Bank of India cut its repo rate for a third time since October on Saturday and and also reduced its reverse repo rate. Both were cut by 100 basis points to 6.5% and 5.0%, respectively. India is complementing these moves with fiscal stimulus. Several other central banks previously made large reductions in their […] More
