India Cuts Rates for First Time in Nine Months: ndia's central bank lowered its key policy rate as expected for the first time in nine months to support an economy set for its slowest growth in a decade, but signaled there was less room for aggressive cuts in future due to concerns over inflation.
The Reserve Bank of India cut the policy repo rate by 25 basis points to 7.75 percent, in line with a Reuters poll earlier this month.
(Read More: Indian Finance Minister Makes Case for Ratings Upgrade)
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