Mumbai — The Reserve Bank of India (RBI) lowered its benchmark interest rates for a fourth straight meeting on Wednesday, with a slightly bigger than expected cut underscoring its worries about India’s near-five year low economic growth pace.

The six-member monetary policy committee (MPC) cut the repo rate by an unconventional 35 basis points (bps) to 5.40%, just above a 25 bps cut predicted by 80% of the 66 analysts polled by Reuters in July...

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