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KRChoksey Research Report
Key highlights:
The Reserve Bank of India increased the policy repo rate under the liquidity adjustment facility by 50 basis points to 5.4% with immediate effect.
The standing deposit facility rate stands adjusted to 5.15% and the marginal standing facility rate and the bank rate to 5.65%.
The Monetary Policy Committee maintained its stance of being focused on withdrawing accommodation in order to keep inflation within target while boosting growth in the coming years.
These decisions are consistent with the objective of reaching the medium-term target for consumer price index inflation of 4% within a band of +/- 2%, while supporting growth.
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