This India Cut Is Different, Rajan Says as Transmission Improves

  • Better transmission will amplify effect of rate cut: Rajan
  • `We're not holding back rate cuts for some masochistic reason'

India Has One of Asia's Highest Inflation Rates

India’s quarter-point rate cut on Tuesday will have a much bigger impact than in the past due to better transmission of monetary policy, central bank Governor Raghuram Rajan said.

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