FILE PHOTO: Daily wage workers and homeless people eat food inside a government-run night shelter during a 21-day nationwide lockdown to limit the spreading of coronavirus disease (COVID-19), in the old quarters of Delhi, India, March 26, 2020. REUTERS/Anushree Fadnavis
NEW DELHI/MUMBAI (Reuters) - India's central bank slashed interest rates in an emergency move on Friday to counter the economic fallout from the coronavirus pandemic after the federal government locked down the country in order to slow the spread of infections across the region.
Prime Minister Narendra Modi has asked India's 1.3 billion people to stay indoors for three weeks in the biggest lockdown anywhere, shutting down Asia's third largest economy and leaving millions of economically vulnerable people without work.
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