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India trims policy rate for fifth time in row to 9-year low

Central bank revises growth forecast for current fiscal year to 6.1% from 6.9%

MUMBAI -- The Reserve Bank of India-led Monetary Policy Committee on Friday initiated another rate cut -- this time trimming the repo rate by 25 basis points to 5.15% -- to support Prime Minister Narendra Modi's efforts to revive the sluggish economy.

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