RBI governor cites weak investment demand as reason for 25bps rate cut

Reserve Bank of India (RBI) governor Shaktikanta Das cited weak investment demand and a lower-than-expected inflation trajectory to justify his vote in favour of a 25 basis point (bps) reduction in the repo rate to 6% at the April meeting of the monetary policy committee (MPC).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KNG1oX