facebook pixel
chevron_right Business
transparent transparent
RBI seen cutting rates as demonetization rattles economy
India's economy expanded 7.3 percent in the July-September quarter from a year earlier, making it the fastest growing major country in the world. It could easily lose top spot if some of the more pessimistic views that suggest growth could halve post-demonetization come true. The RBI has chopped rates by 175 bps since January 2015 on a global disinflation trend from lower energy prices and slowing growth.
For the best experience use Awesummly app on your Android phone
Awesummly Chrome Extension Awesummly Android App