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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 Central Bank Cutting Cash Reserve Ratio to Boost Lending

In a bid to boost lending and revive domestic demand, the Reserve Bank of India (RBI) lowered the amount of money that banks need to keep in reserves, cutting the Cash Reserve Ratio (CRR) by 25 basis points to 4.5%.

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