India central bank cuts rates for first time in nearly 5 years; signals less restrictive approach
The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday and signalled a less restrictive policy approach ahead, as it seeks to provide stimulus to the ...
Reuters13d
Reserve Bank of India
The Reserve Bank of India's $5 billion 6-month dollar/rupee buy-sell swap auction was oversubscribed five-fold on Friday, with the central receiving bids totaling $25.59 billion from 253 participants.