By Gaurav Sinha
India was in the news recently for completing its mammoth democratic federal elections and a financial budget that was presented in July. Now its central bank ((RBI)) is in the spotlight for doing an unconventional and aggressive rate cut of 35 basis points (bps).
Let's look at the RBI's latest monetary policy direction and what it means for domestic growth and global emerging market ((EM)) investors.
Rates Now at a Nine-Year Low
The whole world is surrounded by trade frictions and geopolitical uncertainty. India is not immune to these effects and