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RBI maintains status quo on key rates


The 6-member Monetary Policy Committee of the Reserve Bank of India (RBI), headed by Governor Urjit Patel, in its 5th bi-monthly review in the current fiscal, kept the repo rate unchanged at 6 per cent and the reverse repo at 5.75 per cent, citing inflationary concerns.


For the second half of the current financial year, the inflation estimate was raised to 4.3-4.7 per cent, from the earlier projection of 4.2-4.6 per cent.


However, the growth forecast was retained at 6.7 per cent for 2017-18, said a release.


Source: Exim News Service - MUMBAI, Dec. 6


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