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India central bank cuts interest rate to the lowest since 2011

RBI may cut rates further later this year if inflation trends stay benign

Mumbai

INDIA'S central bank cut its policy interest rate by 25 basis points (bps) to 6.50 per cent on Tuesday, reducing it to a more than five-year low while dangling the prospect of another cut later this year if inflation trends stay benign.

Having been frustrated by commercial

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