Economics
RBI’s Das Adopts the Draghi Playbook of Unconventional Tools
- Interest rate left at 5.15%, lowest level since 2010
- RBI seeks to spur credit demand using longer term repo tools
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India’s central bank resorted to unconventional policy tools again, as it shored up efforts to bring borrowing costs down and boost demand in an economy on course for its weakest expansion since 2009.