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RBI has kept possibility of future rate cuts open: Crisil Intelligence
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RBI has kept possibility of future rate cuts open: Crisil Intelligence
Kolkata: The Reserve Bank of India (RBI) has kept the possibility of future rate cuts open, with its monetary policy committee (MPC) sharply revising its inflation forecast downwards, according to a recent report by Crisil Intelligence. The central bank had on October 1 kept its policy interest rate unchanged at 5.5 per cent for the second consecutive time, citing concerns over tariff uncertainties. The report said the MPC acknowledged that GDP …
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