MUMBAI -- The Reserve Bank of India cut its key policy rate by 25 basis points to 5.25% on Friday, resuming an easing cycle despite stronger-than-expected economic growth and choosing instead to benefit from record-low inflation levels.
Markets
India delivers rate cut despite weakening rupee and resilient growth
Central bank resumes easing cycle, benefiting from low inflation
The Reserve Bank of India took the repo rate to its lowest level in over three years, as expected by the majority of 80 economists polled by Reuters last month. © Reuters
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