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Care Ratings Research Report
The Monetary Policy Committee presented its fourth bi-monthly monetary policy for the current financial year today.
As anticipated by us, the MPC left policy rates unchanged while continuing with the accommodative policy stance despite the buildup in inflationary pressures.
This was the second policy meet under the newly formed MPC and all the members unanimously voted for maintaining status quo on the monetary policy.
The Reserve Bank of India in its policy decision has factored in the nascent signs of economic recovery while acknowledging that it has not been broad based.
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