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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
India’s central bank has cut its benchmark interest rate for the first time in almost five years in an effort to shore up economic growth and reverse a broad downturn in the world’s most populous country.
The decision to cut the headline repo rate by 0.25 percentage points to 6.25 per cent was unanimous and widely anticipated by a consensus of economists.
“A less…
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