India in historic recession, signals RBI

India’s economy probably shrank for a second straight quarter, pushing the country into an unprecedented recession, according to a team of economists including Michael Patra, Reserve Bank of India’s Deputy Governor in-charge of monetary policy.  Continue Reading

Low inflation, falling growth leave more room for rate cut: RBI governor

The government has limited fiscal space to support growth, but low inflation can help the monetary authority ease policy rates further and help boost the economy that has badly lost its momentum, RBI governor Shaktikanta Das said yesterday. Continue Reading