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India's RBI to cut rates for the first time since 2020

The Reserve Bank of India is widely expected to cut interest rates for the first time in nearly five years. This is according to a Reuters survey of economists and analysts. Inflation in India has declined; however, it still remains above the RBI's medium-term target of four percent. Still, the expected rate cut is to revive the flagging economy, which has seen growth hit a four-year low.