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Response to Tansy_Gold (Original post)

Tue Mar 19, 2013, 06:49 AM

8. India cuts interest rates for second time this year

http://www.bbc.co.uk/news/business-21840057

India has cut its main interest rate for the second time in three months as it looks to revive its sluggish economic growth.

The Reserve Bank of India (RBI) lowered its key rate to 7.5% from 7.75%.

India's growth rate dipped to 4.5% in the three months to end of December, the weakest pace in 15 quarters.

But the central bank, which has been under pressure to help stimulate growth, warned that there was limited scope for further easing.

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