Indian Central Bank Seen Cutting Benchmark Rate to 6.5%: ChartBy
India will likely cut its repurchase rate for the first time since September, where it’s been held at 6.75 percent, according to economists surveyed by Bloomberg. A 25 basis-point reduction to 6.5 percent would mark the lowest level since 2011 and come amid mixed signs of economic strength. Policy makers decide Tuesday in Mumbai.
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