Reuters: Money News: State Bank of India cuts base rate by 5 basis points

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State Bank of India cuts base rate by 5 basis points Jan 30th 2013, 14:16 MUMBAI (Reuters) - State Bank of India, the country's top lender, has cut its key lending rate, or base rate, by 5 basis points, R. Venkatachalam, deputy managing director at the bank, told Reuters on Wednesday.

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