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Monetary Policy: RBI lowers inflation, GVA projection

Monetary Policy: RBI lowers inflation, GVA projection

Wed, Jun 07, 2017

Keeping the repo rate and reverse repo rate unchanged, the RBI revised its headline inflation downward to be in the range of 2-3.5% from the earlier 4.5% in the first half of the fiscal. The policy revised GVA estimates 10 basis points lower to 7.3%.

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