Indian cut smaller than expected
The reduction brought the total amount of cuts since October to 425 basis points. The country's benchmark lending rate now stands at 4.75%.
In a more gloomy outlook for the economy, the central bank lowered its forecast for the year ending 31 March, suggesting full-year growth would come in at between 6.5%-6.7%, rather lower than the 7% it had originally projected.
For the
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