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Thursday, March 15, 2012

RBI Keeps Rate Unchanged; Inflation To Guide Future Action

The Reserve Bank today kept key policy rate unchanged and said future policy action would be determined by the movement in inflation.

“On the basis of the current macroeconomic assessment, it has been decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.5 per cent,” RBI said in its mid-quarterly review.

From: http://ping.fm/f04vV

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