India may cut interest rate

MUMBAI: The Reserve Bank of India is likely to cut interest rates next week for a third time this year, drawing comfort from a fall in inflation as it seeks to help lift the economy from its lowest growth in a decade, according to a Reuters poll.

Thirty-seven of 42 analysts polled last week expected the central bank to cut the repo rate by 25 basis points to a two-year low of 7.25% when it holds its policy review on May 3.