NEW DELHI, June 6 (Xinhua) -- India's central bank, the Reserve Bank of India (RBI), on Friday slashed the repo rate by 50 basis points to 5.5 percent. This was the third consecutive reduction in the ...

NEW DELHI, June 6 (Xinhua) -- India's foreign exchange reserves declined by 1.24 billion U.S. dollars to 691.49 billion dollars during the week ended May 30, showed the weekly data released by the ...