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India finally lowers key interest rate

The Reserve Bank of India (RBI) has been pressured to lower key interest rate from 8% to 7.75%. The Bank was refusing to cut interest rate in order to make sure to keep inflation in check. Amid the slowing of

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India factory output dips 3.5% as manufacturing shrinks

India’s industrial production fell unexpectedly in April, led by a drop in manufacturing, raising concerns about a slowdown in its economy. Factory output fell 3.5% in March from a year earlier, down from 4.1% annual growth in February. The data

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