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Home>India Central Bank Cuts Benchmark Rate to 7.5%

India Central Bank Cuts Benchmark Rate to 7.5%

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Wed, 4 Mar 2015

MUMBAI--The Reserve Bank of India surprised markets Wednesday with an unscheduled cut to its key lending rate, indicating that it is joining a widespread easing in monetary policy the world over. The RBI cut its main repurchase rate by 0.25 percentage point to 7.5%, its second rate cut, according
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