Rajan Hails Money Markets Passing on Rate Cuts as Banks Go Slow

Updated on
  • One-year commercial paper rates sink to five-year low
  • Loans in India growing near the slowest pace since 1994

Sliding money-market rates have been hailed by Reserve Bank of India Governor Raghuram Rajan as evidence his interest-rate cuts can revive the economy while banks fail to pull their weight.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.