India's Central Bank Lowers Interest Rate

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India's Central Bank Lowers Interest Rate
Photo: Rafiq Maqbool/AP/TT

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India's central bank lowers the interest rate to 6.25 percent from the previous 6.50 percent. Analysts had, according to a compilation made by the news agency Bloomberg, expected a reduction of exactly that – 0.25 percentage points.

This is the first interest rate cut since 2020.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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