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Economy

India cuts key rate in surprise move ahead of election

New RBI governor stresses objective of supporting growth

The Reserve Bank of India's new governor, Shaktikanta Das, center, cited lower-than-expected inflation and a slowdown in China as reasons for its surprise rate cut on Feb. 7.  (Photo by Ken Koyanagi)

MUMBAI -- The Reserve Bank of India's Monetary Policy Committee on Thursday decided to cut the policy repo rate by 25 basis points to 6.25% on forecasts for lower inflation.

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