The Reserve Bank of India (RBI) on Friday cut its key lending rate by a quarter of a percentage point to 7.25%, in line with expectations, while sounding a warning about inflation, the need for more policy changes by the government and reining in the current account deficit (CAD).

The central bank kept the cash reserve ratio (CRR), the portion of deposits banks need to park with the apex bank, unchanged at 4%...read more

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