Indian interest rates set to ease amid slowing growth
India's central bank, the Reserve Bank of India, has raised the cost of borrowing 13 times over the past two years to curb inflation.
While consumer price growth in the country has slowed, there are fears that the high cost of borrowing was hurting India's economic growth.
At the same time, there are concerns that a slowdown in the global economy may also have a negative impact on India's economy.
This has led to increasing pressure on the central bank to cut its interest rates. The BBC's Adrienne Murray reports from Mumbai.
17 Apr 2012
- From the section Business