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Economy

India cuts rate again as election approaches

Central bank's second move in three months seen giving boost to Modi's BJP

Monetary policy easing began in February under Reserve Bank of India Governor Shaktikanta Das, who is considered to be closely aligned with the government of Prime Minister Narendra Modi.   © Reuters

MUMBAI -- India's central bank on Thursday cut its key interest rate for the second time since February, as headline inflation is expected to remain soft for most of the year.

The move will likely give a boost to Prime Minister Narendra Modi's Bharatiya Janata Party's election prospects as he seeks a second term, analysts said.

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