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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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)
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