The India economy saw India’s central bank, the Reserve Bank of India (RBI), maintain interest rates despite the global economic crisis according to Bloomberg.
The key driver of the decision by the Reserve Bank of India (RBI) to maintain rates is concern over India’s fiscal deficit which is now expected to be higher than originally estimated and will ultimate hurt the India economy if not addressed.
The India economic news sent Indian bonds to its lowest levels in more than two weeks.
global economic crisis India Economy india central bank india economic news india economy rbi reserve bank of india
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment