India's central bank cuts key interest rate to 7.25%

GMT 05:56 2015 Tuesday ,02 June

Arab Today, arab today India's central bank cuts key interest rate to 7.25%

India's central bank
Mumbai - Arab Today

India's central bank cut interest rates for the third time this year on Tuesday in a bid to further spur Asia's third-largest economy, with inflation well below its target level.

The Reserve Bank of India (RBI) lowered the benchmark repo rate -- the level at which it lends to commercial banks -- by 25 basis points to 7.25 percent.

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