India Starts 2009 With More Rate Cuts and Stimuli
Jan 5th, 2009 | By Mike Caggeso | Category: Emerging Markets, Financial NewsIndia started the year on an actionable note by sharply cutting interest rates and unveiling another stimulus package. The Reserve Bank of India lowered its repurchase rate by one percentage point to 5.5%, and lowered the reverse-repurchase rate by one percentage point to 4%.