India's central bank cuts rates again

• Growth impulses have weakened significantly, the Reserve Bank of India said as it cut its benchmark interest rate for a third time this year.
• The widely-expected move saw the repurchase rate reduced by 25 basis points to 5.75%, the lowest in nine years, to support an economy growing at the slowest pace since 2014.
• The six-member Monetary Policy Committee voted unanimously for the cut and switched its stance to "accommodative" from neutral.
• Indian shares continued to trade lower on the news, with the Sensex down 1.2%, while 10-year bond yield fell and the rupee strengthened.
• ETFs: EPI, INDA, INDY, SCIF, INDL, PIN, SMIN, INXX, IIF, INCO, INR, SCIN, NFTY, IXSE