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India's central bank cuts interest rates to boost economy amid global trade uncertainties.
The Reserve Bank of India's Monetary Policy Committee unanimously reduced the repo rate by 25 basis points to 6%, citing global trade uncertainties and a need to boost domestic demand.
The move aims to support private consumption and corporate investment amid a benign inflation outlook.
The RBI Governor, Sanjay Malhotra, emphasized these efforts to foster growth despite global economic risks.
The next committee meeting is set for June.
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El banco central de la India recorta las tasas de interés para impulsar la economía en medio de las incertidumbres del comercio global.