Financial Times .com
India’s central bank cut key lending rates for the first time in three years on Tuesday in an aggressive effort to stimulate growth and boost investment at a time when the shine is rapidly coming off Asia’s third largest economy.
The Reserve Bank of India cut the repo rate – the rate at which the central bank lends to commercial banks – by a more than expected 50 basis points to 8 per cent. The reduction was widely welcomed by business
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