Reserve Bank of India ‘front-loads’ easing with 50bp cut
Rajan points to deterioration in global outlook and desire to boost investment
The Reserve Bank of India (RBI) cut its policy rate by 50 basis points to 6.75% today (September 29), with governor Raghuram Rajan citing the need to "front-load" monetary stimulus.
In a press conference following the decision, Rajan noted there was a "general sense" around the world the global outlook had deteriorated, which helped to create the room for the RBI to act.
Today's cut brings an end to the easing cycle that has seen the central bank reduce its key rate by 125bp this year, with the
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