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India rate cut to spur consumer spending

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Retailers are optimistic with inflation at record lows and rate cuts totalling 125 points this year.

Mumbai

THE way car salesman Ashish Bhavsar tells it, in India, men come first on their own to eye up a potential purchase. Then they bring their wives. Then - if it's serious - the whole family.

On this weekday, almost two weeks after the central bank cut interest rates, a young

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