India's deepening economic slowdown opens the door for more rate cuts

India’s deepening economic slowdown is likely to throw open the door to more monetary policy easing this week.

The Reserve Bank of India will meet days after a report showed growth collapsed to 4.5 per cent in the July-September quarter, the first time it’s been below 5 per cent since 2013.

Led by Governor Shaktikanta Das, the RBI already has cut interest rates by 135 basis points in five moves this year, the most by any Asian central bank. Policy makers have had their focus squarely on reviving Asia’s third-largest economy, and last week’s weak data gives them added reason to continue