Your turn now, RBI tells government6 min read . Updated: 19 Mar 2013, 11:43 PM IST
Central bank cuts key repo rate by 25 bps to 7.5%, but signals that the rate-easing cycle may be nearing an end
Mumbai: The Reserve Bank of India (RBI) on Tuesday trimmed its key lending rate by a quarter percentage point, doing so for the third time in the past one year, to breathe life into Asia’s third largest economy, but signalled that its rate-easing cycle may be nearing an end despite concerns of slowing growth.
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