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India cuts interest rate again to revive growth

Associated Press
India cuts interest rate again to revive growth

Reserve Bank of India (RBI) governor D. Subbarao attends a monetary policy review meeting in Mumbai, India, Friday, May 3, 2013. India's central bank cut a key interest rate by a quarter percentage point to 7.25 percent on Friday to try to revive stalled economic growth but warned persistent inflation leaves little room for more aggressive rate cuts in the future. (AP Photo/Rajanish Kakade)

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