Finance, Forex and Investments

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Summary: the inflation rate. The central bank cut the bank rate, its key interest rate signal, to 6.25 per cent from 6.5 per cent -- with effect from the close of business on Tuesday, October 29. Announcing the Mid-term Review of the Monetary Credit Policy for 2002-03, on Tuesday, RBI Governor Bimal Jalan also announced a cut in the repo rate by 25 basis point to 5.5 per cent. Jalan

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