India's Central Bank Cut Its Key Rate To A 5-Year Low, "Remains Accommodative"

India's Central Bank Slashes Key Rate To 5-Year Low

In a widely expected move, the Reserve Bank of India (RBI) — the country’s central bank — lowered its key interest rate for the first time in six months. The repo rate, which is the rate at which a country’s central bank lends money to commercial banks, was cut to a five-year low of 6.5 percent…

RBI policy stance remains accommodative: Raghuram Rajan (Source: NDTV, 4/5/2016)

RBI measures to improve liquidity: SBI: "Anshula Kant, CFO at State Bank of India, was optimistic that the RBI measures will ease the liquidity situation and help transmission of RBI rate cuts." (Source: NDTV, 4/5/2016)