India cuts interest rate to nine-year low
Delayed official figures show that India's unemployment rate is at a 45-year high
06 June 2019 - 20:25
Mumbai — India's central bank cut the benchmark interest rate on Thursday in a boost to newly re-elected Prime Minister Narendra Modi as he grapples with sluggish economic growth and decades-high unemployment.
The third snip in borrowing costs in 2019 comes as central banks around the world adopt a move doveish tone on monetary policy amid a slowdown in the global economy...
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