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India's central bank has cut interest rates by 0.25% and lowered its growth projections for this year.
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More than 400 households have successfully applied, with 150 going directly into their accounts.
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Amnish Aggarwal of Prabhudas Lilladher anticipates a 25 bps rate cut by the RBI, citing controlled inflation and market volatility. He cautions against making fresh market bets amidst the US-China trade war, predicting continued volatility for the global economy and markets. While some Indian sectors like home textiles might benefit, increased dumping from China could pressure Indian industries.
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