- The Reserve Bank of India cut its benchmark interest rate by a quarter point to 6.25%.
- The move caught economists by surprise.
- The central bank cited a slowdown in global growth and a cool outlook on inflation in justifying the rate action.
- ETFs: EPI, INDY, SCIF, INDA, INDL, PIN, INP, INXX, IIF, INCO, INR, SCIN, ICN, SMIN