India cuts rates for first time in nearly 5 years to boost growth as inflation eases
The Reserve Bank of India (RBI) cut its key interest rate for the first time in nearly five years on Friday, as it seeks to boost the sluggish economy and sees inflation easing towards its 4% target.
Sensex, Nifty decline for 3rd day; Nifty closes below 24,600; VIX tumbles 3.45%
As per provisional closing, the barometer index, the S&P BSE Sensex, declined 197.97 points or 0.25% to 77,860.19. The Nifty 50 index lost 43.40 points or 0.18% to 23,559.95.