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The Reserve Bank of India (RBI) said the benchmark repo rate - the level at which it lends to commercial banks - would be reduced by 25 basis points to 6.25 percent.

India central bank cuts rates ahead of election

by AFPThu 7 Feb 2019Wed 6 Oct 2021

It marked the first interest rate decision under new bank chief Shaktikanta Das, an ally of Modi who was appointed in December after his predecessor

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Indian Prime Minister Narendra Modi (C) looks on after arriving for the monsoon session of Parliament in New Delhi on July 18, 2018.

budget deficit

Indian GST cuts to lower annual revenue by $2bn

by Staff Writer Mon 23 Jul 2018Thu 7 Oct 2021

A panel of federal and state finance ministers late on Saturday cut the goods and services tax on items from washing machines and lithium iron batteries