India's central bank on Tuesday cut its repurchase rate, or the rate at which it lends money to banks, by a quarter of a percentage point to 7.75%, for only the second time in nearly four years.

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"Even as the policy stance emphasizes addressing the growth risks, the headroom for further monetary easing remains quite limited, " the Reserve Bank of India said in its mid-quarter monetary policy review after lowering its key lending rate, known as the repurchase rate, to 7.5% from 7.75%.

WSJ: India Central Bank Cuts Lending Rate

"Even as the policy stance emphasizes addressing the growth risks, the headroom for further monetary easing remains quite limited, " the Reserve Bank of India said in its mid-quarter monetary policy review after lowering its key lending rate, known as the repurchase rate, to 7.50% from 7.75%.

WSJ: India Central Bank Cuts Lending Rate

Target realizes a higher repurchase or loyalty rate than Wal-Mart (ranks No. 10 overall), according to Vivaldi.

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ECB's main monetary instrument will be a repurchase (repo) rate.

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