India’s central bank is business unusual in a bid to boost lending
The Reserve Bank of India pulls down borrowing costs after five rate cuts in 2019 failed to spur credit demand
04 March 2020 - 12:13
Mumbai — India’s central bank governor has said that the unconventional policy steps the authority has undertaken to boost lending to the real economy are starting to work.
The gap between the main repurchase rate and the benchmark 10-year bond yield has begun to narrow as a result of its measures aimed at pulling down corporate borrowing costs, Reserve Bank of India (RBI) governor Shaktikanta Das said in an interview on Tuesday...
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