AOL.com Video - India Rate Cut 'a Step in the Right Direction'

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India Rate Cut "a Step in the Right Direction"

Description:In an interview with Reuters Television, the Indian finance minister Palaniappan Chidambaram said the central bank's move was a step in the right direction. On Tuesday it cut interest rates by 25 basis points to 4.00 percent as it fights the country's slowest growth in a decade. (1:02)

Source: Reuters

Tags: reuters , Palaniappan Chidambaram