Reserve Bank Governor Raghuram Rajan on Tuesday cut the key interest rate by 0.25 per cent, third time this year, meeting market and government expectations of boosting growth by lowering borrowing cost.
Rajan cuts lending rate by 0.25%; third cut in 2015
Highlights of RBI's monetary policy
RBI move consistent with positive trends: Chief economic advisor
'A sharp fall in inflation provided RBI with a window to cut rates'
RBI move consistent with positive trends: Chief economic advisor