Breaking News: RBI keeps repo rate unchanged at 6.25%, to withdraw incremental CRR from Dec 10
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This is the first monetary policy since Prime Minister Narendra Modi announced
The Monetary Policy Committee (MPC) kept the Cash Reserve Ratio (CRR) unchanged . The
Indian economy grew 7.3% between July and September. The announcement comes at a time when there is a surge of capital flows back into the United States. This might give Federal Reserve room to cut rates next week.
The RBI maintained an accommodative stance. The projects CPI at 5% in Q4 of 2016-17 with risks tilted to the upside.
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