INDIA CUT INTEREST RATES AS ECONOMY SHOWS SIGNS OF SLOWDOWN
🔸 India cut its key interest rate to 5.25 percent from 5.5 percent as key economic indicators weakened.
🔸 Manufacturing activity slowed and the manufacturing PMI fell to a nine-month low.
🔸 Exports fell for a second straight month, especially to the US, as the US imposed new tariffs on Indian goods.
🔸 India has cut some taxes to boost domestic demand but revenue growth remained weak in November
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