Signs of weakening of service sector: RBI guv

RBI governor Shaktikanta Das had highlighted several indicators of a slowdown in the economy while supporting his argument for an aggressive cut of 35 basis points (100bps = 1 percentage point) in the repo rate. This, even as two of the three external members of the monetary policy committee (MPC) voted for a more modest 25bps cut.

from Times of India https://ift.tt/2ZlSvdA