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India official sees scope for rate cut

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Published Tue, May 26, 2015 · 09:50 PM

New Delhi

INDIA'S central bank has room to cut interest rates further with inflation expected to remain under control in coming months, the country's top economic advisor said on Tuesday.

Arvind Subramanian said India's adequate food stocks would help contain inflation even if the upcoming monsoon rains, which are vital for crops throughout the country, are weak.

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