Page last updated at 20:16 GMT, Tuesday, 21 April 2009 21:16 UK

India's interest rates cut again

India's central bank has cut interest rates again, for the sixth time in as many months.

The cost of borrowing has fallen to a record low of 4.75 percent. The central bank also said economic growth may drop to six percent this year.

But industrial production there fell last month, so are lower rates making any difference?

Neil Heathcote reports from Pune.

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