India's central bank has lowered interest rates by a deeper-than-expected half per cent - the third cut in a row amid falling inflation and low growth in Asia's third largest economy.
It also increased the amount of liquidity or supply of money available in the system.
The repo rate - the level at which the central bank lends money to commercial banks, influencing borrowing costs for home and car loans - now stands at 5.5%, the lowest in three years.
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