Euro Gains Against Pound, Drops Against Other Majors Amid German PPI

India's IT Sector To Post Single Digit Growth In 2008-09

*Indian rupee rises against dollar as RBI cuts repo rate by 25 bps to 4.75%; pair now worth 50.44

*Euro Falls Amid German Mar. PPI; Now At 1.2935

*India's central bank leaves cash reserve ratio unchanged at 5%