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Asia Daily Flash | 5 June 2012: Australia cuts interest rates; India’s central bank deputy governor hints at rate cut

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Published on Monday, June 4, 2012

Asia Daily Flash | 5 June 2012: Australia cuts interest rates; India’s central bank deputy governor hints at rate cut

In line with expectations, the Reserve Bank of Australia cut its policy rate by 25 bps to 3.50%, citing modest domestic growth and a weak global environment.