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Current policy rate appropriate amid buoyant economic growth, benign inflation: RBI Guv

Current policy rate appropriate amid buoyant economic growth, benign inflation: RBI Guv

Mumbai: Reserve Bank Governor Sanjay Malhotra voted for the status quo in the key interest rate earlier this month, saying the current policy rate was appropriate, given the buoyant economic growth and benign inflation, according to the MPC meeting minutes released Friday. The Reserve Bank kept the short-term lending rate (repo) unchanged at 5.25 per [...]

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