MUMBAI (Reuters) - The Reserve Bank of India cut its key repo rate by a bigger-than-expected 50 basis points to 6.75 percent on Tuesday, with inflation running at record lows and the economy in danger of slowing down.
A Reuters poll last week showed only one out of 51 economists had expected a 50 basis points rate cut, while 45 had expected a 25 bps cut.
(Reporting by Suvashree Dey Choudhury and Rafael Nam; Editing by Simon Cameron-Moore)
