India cuts interest rates once more

April 21 2009 18:26:21

India cuts interest rates once more

Bloomberg

The Reserve Bank of India cut the reverse repurchase rate to 3.25 percent from 3.5 percent, according to a statement in Mumbai yesterday. Economic growth may ease to 6 percent in the year that started April 1 from 7.1 percent in the previous 12 months, the bank said.

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