India Cuts Reserve Ratio to Back Growth Push; Holds Key Rate

India’s central bank cut lenders’ reserve requirements to back a policy revamp by the government aimed at reviving growth, while leaving interest rates unchanged to fight price pressures. Governor Duvvuri Subbarao reduced the cash reserve ratio to 4.25 percent from 4.5 percent, adding about 175 …

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India Cuts Reserve Ratio to Back Growth Push; Holds Key Rate

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