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Motilal Oswal Report
In line with our expectations, the Monetary Policy Committee, along with its three newly elected external members, has kept the policy repo rate unchanged at 4%.
The reverse repo rate and bank rate too stands unchanged at 3.35% and 4.25%, respectively.
The decision to keep the policy rates unchanged and continue with the accommodative stance was taken unanimously.
However, the decision to keep the accommodative stance at least during the current financial year and into the next financial year was taken with 5-1 majority (Prof. Jayanth R. Varma was against this formulation).
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