India's central bank has cut its short-term lending rate for the first time in nine months in a move to spur growth in the economy, which slowed down to a three-year low in the July-September quarter.
After its quarterly review on key interest rates, the Reserve Bank of India (RBI) has decided to cut the repo rate by 25 basis points to 7.75 percent.
While emerging economies such as China, South Korea and Brazil have all cut interest rates to boost growth, RBI has kept itself away from... (Continue Reading)
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