NEW DELHI (Reuters) - The Reserve Bank of India's 25 basis point cut in interest rates will help revive capital investments in Asia's third-largest economy, Finance Minister Arun Jaitley said on Thursday.
Acting ahead of a scheduled monetary policy meeting on Feb. 3 and the government's annual budget statement late next month, the central bank surprised markets by lowering the repo rate - its key lending rate - to 7.75 percent from 8.0 percent, where it had been for the past year.
(Reporting by Rajesh Kumar Singh; Editing by Malini Menon)
