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India cuts rates to ease cash squeeze

INDIA yesterday unexpectedly cut its main short-term lending rate and banks' reserve requirements to ease a growing cash squeeze, spur faltering economic growth and fend off damage from the global financial crisis....

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200811/20081102/article_379179.htm"> India cuts rates to ease cash squeeze </a> by -- INDIA yesterday unexpectedly cut its main short-term lending rate and banks' reserve requirements to ease a growing cash squeeze, spur faltering economic growth and fend off damage from the global financial crisis.... </p>