RBI Stays "Accommodative" With Rare 35 Basis-Point Cut to Spur Economy

The Monetary Policy Committee kept its stance accommodative, which means rate increases remain off the table.

Economy | (c) 2019 Bloomberg | | Updated: August 07, 2019 12:48 IST
RBI Stays 'Accommodative' With Rare 35 Basis-Point Cut to Spur Economy

The Reserve Bank of India has been the most aggressive in Asia in cutting interest rates this year