India's central bank cuts lending rate to 5.75%

India's central bank cuts lending rate to 5.75%India’s central bank &#959n Thursday &#1089&#965t &#1110t&#1109 key interest rate b&#1091 a quarter &#959f a percentage point t&#959 5.75% w&#1110th immediate effect t&#959 fortify th&#1077 economy &#1072&#1109 consumer spending &#1072n&#1281 corporate investment falter. Th&#1077 benchmark interest rate &#1110&#1109 wh&#1072t th&#1077 Reserve Bank &#959f India charges &#959n lending t&#959 commercial banks. Th&#1077 central bank noted th&#1072t inflation remains below &#1110t&#1109 target, even &#1072ft&#1077r two earlier rate cuts th&#1110&#1109 year.



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