India may ease its monetary policy

Note: This section contains information in English only.
Source: BBC

India may ease the monetary policy on the worries about the global economic downturn, announced the RBI. The bank plans to concentrate on the measures aimed at boosting growth rather than on controlling inflation. The bank increased its interest rate 13 times during the last 10 months to combat exorbitant inflation but growing worries over the slower growth forced officials to start reviewing monetary policy.

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