India cuts rates more than expected to boost economy
Policymakers lower the benchmark repo rate by half a percentage point to 5.5 per cent as fears over inflation ease
Policymakers lower the benchmark repo rate by half a percentage point to 5.5 per cent as fears over inflation ease

RBI has reduced borrowing costs by 1.25 percentage points since last year

Vote expected to pass by narrow majority and to hang heavily on the views of governor Andrew Bailey

Paris-based group signals major central banks have scant room to loosen policy further

Market expectations of further easing in December have almost halved as a split among Fed officials appears to widen

Blistering GDP reading raises doubts about RBI cut amid questions about quality of official data

Bank signals possible cut as soon as next month