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Fixing Weak Growth Is Highest Priority: RBI Policy Minutes

The monetary policy committee cut the repo rate by an unconventional 35 basis points to 5.40 per cent.
The monetary policy committee cut the repo rate by an unconventional 35 basis points to 5.40 per cent.
Fixing India's weak growth has become the highest priority while a benign inflation outlook has given the central bank room to cut rates although transmission remains inadequate, monetary policy committee meeting minutes showed.
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