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RBI cuts repo rate 25 bps, says govt on right fiscal path

In a surprise move, the Reserve Bank of India (RBI) today cut the benchmark repo rate by 25 basis points to 7.5 percent. Analysts said the out-of-cycle interest-rate cut confirms the central bank has definitively embarked on its much-awaited easing cycle.

first published: Mar 4, 2015 08:55 am

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