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RBI went full-blown shock and awe. Yet another major global central bank previously fixated on "inflation" abruptly and aggressively joining the race to the bottom. For India, it wasn't heavy rate cuts this time. Indian Officials said they want to shore up confidence; OK, so how bad is confidence if they fell "shock and awe" is necessary to shore it up?

Eurodollar University's Money & Macro Analysis

BBC India central bank delivers sharp rate cut as growth and inflation fall
https://www.bbc.com/news/articles/c62vdq6g945o

Times of India
https://timesofindia.indiatimes.com/business/india-business/bank-loans-to-nbfcs-slows-sharply/articleshow/121557368.cms

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

You Won’t Believe What India’s Central Bank Just Did