India cuts rates by 25 basis points
(03-19 14:33)
India's central bank cut its main interest rate by 25 basis points – its second such reduction this year – in an effort to jumpstart the slowing economy.
After meeting in the financial capital Mumbai, the Reserve Bank of India said that the benchmark repo rate, at which it lends to commercial banks, would fall to 7.50 percent, as predicted by most economists.- AFP
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