Policeman walks past logo of Reserve Bank of India in Mumbai.
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Business Bites: Will cutting interest rates boost growth in India?

The Reserve Bank of India has slashed the cost of borrowing for the first time in three years to 8% from 8.5%.

The surprisingly sharp cut in interest rates may signal an attempt to shift in focus away from inflation and towards growth.

Figures suggest that India's gross domestic product has been growing at its slowest rate for almost three years.

The BBC's Jamie Robertson discusses one of the key financial story of the day.

  • 17 Apr 2012