Business / Global risks may stunt India growth: RBI

The New Indian Express : Apr 05, 2019, 09:45 AM
The rising tides of global risks, accentuated by the Brexit mess and the spectre of trade war, could cripple India’s growth run, the RBI said on Thursday while cutting GDP growth projection for FY20 to 7.2 per cent from 7.4 per cent it estimated in February. RBI handed down a second straight forward repo rate cut, lowering the policy rate to 6 per cent, and announced more measures to improve liquidity in the banking.