 "Despite global central banks cutting interest rates, the RBI, so far, has adopted a cautious approach.")
Interest rate cuts have become the go-to tool whenever a country finds itself in the midst of a market-related instability or an economic slowdown. The recent coronavirus (Covid-19) outbreak, too, has led to a clamour for a rate-cut to support the sentiment.
Understandably so, the US Federal Reserve (US Fed), in a surprise move, cut its key interest rate to a target range of 0 per cent and 0.25 per cent on Sunday. The cut comes close on the heels of a rate cut done on March 3. Bank of England, last week, too, cut its interest rates in an
