Friday’s cut takes the benchmark rate to the lowest in almost a decade and follows a number of recent fiscal steps taken by the government to spur growth. EPA
Friday’s cut takes the benchmark rate to the lowest in almost a decade and follows a number of recent fiscal steps taken by the government to spur growth. EPA

Economy

India central bank approves record Dh89bn payout to government

The Reserve Bank of India’s board approved a transfer, which includes 1.23tn rupees as dividend and 526.4bn rupees from its surplus capital

Bloomberg

August 26, 2019