ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

India cuts key rates in surprise move to ease coronavirus shock

Economic growth to 'remain in negative territory' this year, says central bank

Shaktikanta Das, governor of the Reserve Bank of India, announced a surprise rate cut of four-tenths of a percentage point in hopes of easing the economic pain of the coronavirus.   © Reuters

NEW DELHI -- The Reserve Bank of India on Friday cut its benchmark interest rate 40 basis points to 4%, in a surprise move, as the novel coronavirus pandemic jolts the country's economy.

Sponsored Content

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

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