India may cut interest rates

INDIA - India's central bank has indicated an intention to cut interest rates to help revive the slowing economy. The governor made his comments at a presentation on monetary policy for this year.

The governor of the Reserve Bank of India, Bimal Jalan, suggested on April 19 that circumstances may be right for a softening of monetary policy. The economy, which is faltering, is forecast to grow 6 per cent this year and a cut in interest rates has been called for by business leaders. So far he ha

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