India cuts the key interest rate by 25 basis points

Note: This section contains information in English only.
Source: RTT News
The Reserve Bank of India cut the repo rate by 25 basis points to 7.75%, the first time in nine months. The central bank expects that the key interest rate cut will support economic growth, encourage investments and settle medium period inflation expectations. However, the bank representatives said that they see limited scope of further aggressive reduction regarding the higher inflation level.
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