India Central Bank Rate Cut
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Indian economyCNBC
•Business
Business & Economics
India's central bank beats market expectations to deliver outsized rate cut of 50 points

89% Informative
India 's central bank delivers outsized cut to its benchmark policy rate to 5.5% from 6% , its lowest level since August 2022 .
This marks the third straight rate cut since February and is below the median estimates of 5.75% in a Reuters poll.
The decision comes after a better-than-expected GDP growth figure in its fiscal fourth quarter .
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