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Published on Tuesday, October 30, 2012 | Updated on Thursday, June 16, 2016

India | Staying cautious on inflation, RBI keeps repo rate unchanged

At its policy meeting today, the Reserve Bank of India left its benchmark repo rate unchanged at 8.0% (BBVA: 7.75%; Consensus: 8.0%), but cut the Cash Reserve Ratio (CRR) by 25 bps to 4.25% (BBVA: 4.25%).