India's central bank cuts key lending rate, trims growth forecast
India's central bank has cut interest rates for the second consecutive time, amid concerns that US tariffs could threaten growth. The key lending rate has been slashed from 6.25% to 6%. Although India remains the world's fastest-growing major economy, the Reserve Bank of India has revised its GDP growth forecast to 6.5% for the current financial year. The RBI said rising trade tensions and protectionism could also hurt the Indian rupee, which has already depreciated 1.2% since US President Donald Trump announced sweeping tit-for-tat tariffs. Ishan Garg reports from New Delhi.
India's central bank has cut interest rates for the second consecutive time, amid concerns that US tariffs could threaten growth. The key lending rate has been slashed from 6.25% to 6%. Although India remains the world's fastest-growing major economy, the Reserve Bank of India has revised its GDP growth forecast to 6.5% for the current financial year. The RBI said rising trade tensions and protectionism could also hurt the Indian rupee, which has already depreciated 1.2% since US President Donald Trump announced sweeping tit-for-tat tariffs. Ishan Garg reports from New Delhi.
Popular Shows
