At rate cut meet, RBI bosses bearish on economy

Arguing for a rate cut, RBI governor Shaktikanta Das in the meeting said there was a rising probability of a sharper loss of growth momentum in the near term. Deputy governor Michael Patra said the damage is "so deep and extensive that India’s potential output has been pushed down, and it will take years to repair".

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3cBOIeA