The Reserve Bank of India has now changed the stance, but not yet cut the policy repo rate.
Canada and the European Central Bank have been the first ones to introduce rate cuts, however, they have expressed their concerns about inflation
ECB policymakers led by President Christine Lagarde have insisted they're comfortable plowing a separate furrow from the Federal Reserve
LONDON (Reuters) -Oil prices fell more than $3 on Thursday after higher U.S. gasoline stockpiles stoked demand worries and returning energy supply from Libya and Russia eased supply concerns.
European stocks have taken a dip alongisde the currency as ECB sets in to join the rate hike club like many others, say reports
New ECB norms can make India more vulnerable to external shocks
Although the proposed guidelines are non-binding, the ECB can threaten banks with higher capital requirements if they fail to comply