India CB Cuts Rates By 25 Bps As Inflation Slows

India’s central bank decided to cut its key interest rates by 25 basis points to the lowest since 2010, as slowing inflation provided room for easing, but the bank cautioned that price growth could accelerate from the current lows. At the third bi-monthly monetary policy meeting on Wednesday, policymakers at the Reserve Bank of India voted to lower the repo rate to 6.00 percent from 6.25 percent.

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