ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

India cuts key rate in surprise move ahead of election

New RBI governor stresses objective of supporting growth

The Reserve Bank of India's new governor, Shaktikanta Das, center, cited lower-than-expected inflation and a slowdown in China as reasons for its surprise rate cut on Feb. 7.  (Photo by Ken Koyanagi)

MUMBAI -- The Reserve Bank of India's Monetary Policy Committee on Thursday decided to cut the policy repo rate by 25 basis points to 6.25% on forecasts for lower inflation.

The surprise move comes as a tailwind for Prime Minister Narendra Modi, with general elections due by May.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more