Policymakers were not due to hold their next interest-rate setting meeting until March 17-18.
US President Donald Trump congratulated the central bank for taking further action aimed at helping shore up the US economy
The govt last cut the small savings rates for the July-September 2019 quarter, except for one scheme
The United States has in recent days received a taste of the types of disruptions that the virus has wrought in other countries, including Italy and South Korea.
Global financial market stress driving market volatility; economic impact of coronavirus and drop in oil prices remain uncertain
Globally, economic policy could soon be in uncharted territory
Beyond perking up the economy, the RBI needs to ensure proper functioning of the bond market, the credit market and the larger financial system
The Fed is reassuring lenders that they should dip into those buffers if needed, the sources said
The central bank will offer $500 billion in a three-month repo operation at 1:30 pm eastern Thursday
The ECB said it would give businesses more ultra-cheap loans, raise asset purchases and provide banks with capital relief
Market correction was long overdue
Most investors expect the Fed to cut the benchmark borrowing rate again at the March 17-18 policy meeting to stem the economic uncertainty
Investors who picked companies with strong business franchises in the year 2008 or 2012 have seen a multi-fold jump in their portfolio values
As manufacturing in China recovers, so will the demand for raw materials
The S&P index recorded two new 52-week highs and 135 new lows, while the Nasdaq recorded eight new highs and 415 new lows.
Officials will also be looking for any sign of real change on the horizon, in terms of slower growth or higher unemployment, he said
Monetary accommodation may not help in India
Business Standard Opinion pieces for the day talk about bank merger and coronavirus among other issues.
Reserve Bank of India (RBI) Governor Shaktikanta Das told Bloomberg in an interview on Tuesday that the central bank was ready to do whatever was needed to address a slowdown.
In Mumbai's physical market on Wednesday, gold prices had risen after the US Federal Reserve announced one of its steepest cuts of 0.5 per cent in interest rate