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RBI keeps interest rates unchanged
The Hindu, December 05, 2018


The Reserve Bank of India on Wednesday, has kept the repo rate unchanged at 6.5% after its bimonthly policy review. The reverse repo rate also remains unchanged at 6.25 per cent.

The central bank has retained the GDP growth projection for 2018-19 at 7.4 per cent.

"The decision of the monetary policy committee (MPC) is consistent with the stance of calibrated tightening of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth," the RBI said in a statement.

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