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Indian Central Bank Cuts Rates by 50 bps, Above Forecasts; USD/INR Slightly Weak
India's central bank held its policy meeting today (6th) and announced a 50 bp cut to its key repo rate, bringing it down to 5.5%. Larger than the market's expected 25 bps,...
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Indian Central Bank Cuts Rates by 50 bps, Above Forecasts; USD/INR Slightly Weak
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India's central bank held its policy meeting today (6th) and announced a 50 bp cut to its key repo rate, bringing it down to 5.5%. Larger than the market's expected 25 bps, this reduction marks the third consecutive meeting with a rate cut.

USD/INR inched down by less than 0.1% to 85.8537 during Asian trading hours.

Related NewsJOLTs Job Openings for Apr in United States is 7.391M, higher than the previous value of 7.200M. The forecast was 7.10M.

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