Bloomberg
http://www.bloomberg.com/news/2015-01-15/india-unexpectedly-cuts-rates-in-unscheduled-review.html
"Reserve Bank of India Governor Raghuram Rajan cut interest rates in an unscheduled review to revive growth in Asia’s third-largest economy after inflation eased. Stocks, bonds and the rupee surged.
jan lowered the benchmark repob rate to 7.75 percent from 8 percent, he said in a statement today, the first reduction since May 2013. Consumer-price inflation will probably be below the central bank’s target of 6 percent by January 2016, he said"
http://www.bloomberg.com/news/2015-01-15/india-unexpectedly-cuts-rates-in-unscheduled-review.html
"Reserve Bank of India Governor Raghuram Rajan cut interest rates in an unscheduled review to revive growth in Asia’s third-largest economy after inflation eased. Stocks, bonds and the rupee surged.
jan lowered the benchmark repob rate to 7.75 percent from 8 percent, he said in a statement today, the first reduction since May 2013. Consumer-price inflation will probably be below the central bank’s target of 6 percent by January 2016, he said"
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