Economics
India Central Bank on Course to Cut Rates After Growth Slump
- GDP growth weakened to 4.5% last quarter, lowest since 2013
- RBI has already cut rates by 135 basis points so far this year
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India’s deepening economic slowdown gives the central bank more reason to cut interest rates this week, adding to the fiscal stimulus already in the works.
The Reserve Bank of India will deliver its rate decision on Dec. 5, days after a report showed growth collapsed to 4.5% in the July-September quarter, the first time it’s been below 5% since 2013.