Right after the action by United states,Japan ,Indian authorities also looking now for a stimulus package to economy.Indian government announced yesterday an $4.1 billion financial package to amid the financial slowdown in country.Government is also cutting 4% of VAT in various cateogries to encourage the consumer spending.Earlier RBI eased interest rates of repo and reverse repo by 100 basis points.Repo rate will be 6.5 and reverse repo will be 5% ,effective 8 December.
