India adds spice to global growth

India has joined the push for growth with its first interest rate cut in nine months. As Australia's third biggest exports market, it's good news for local business.

In yet another sign of the go-for-growth objective of global policy makers, the Reserve Bank of India has stepped in with a further 25 basis point cut in interest rates. The policy repo rate now stands at 7.75 per cent, with yesterday’s easing coming after a nine-month pause from the RBI.

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