Rajan Supercharges India Rate Cut by Easing Bank Funding Squeeze

  • Central bank lowers benchmark, takes measures to boost cash
  • Effects of Tuesday's rate reduction would be larger: Rajan

The Reserve Bank of India in Mumbai, India.

Photographer: Divyakant Solanki/EPA

Reserve Bank of India Governor Raghuram Rajan is out to ensure the benefits of his five interest-rate cuts extend more widely into the world’s fastest-growing major economy.

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