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KRChoksey Research Report
Key highlights-
The Reserve Bank of India maintained status quo on the rate and stance unanimously. The repo rate remains at 4% and stance at accommodative.
The stance remains accommodative as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of Covid-19 on the economy while ensuring that inflation remains within the target in the future.
It maintained its policies and strategies in order to manage the monetary resources needed to support growth.
It has retained the growth outlook and slight reduction in inflation forecast.
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