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This Article is From Dec 07, 2016

RBI Keeps Rate Unchanged, Downgrades GDP Growth Outlook

RBI Keeps Rate Unchanged, Downgrades GDP Growth Outlook
Banks will no longer have to bear the burden of incremental cash reserve ratio, the RBI governor said.

The Reserve Bank of India in its first monetary policy review after the notes ban kept its repo rate unchanged at 6.25 per cent, surprising the Street.

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