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Published on Monday, September 17, 2012 | Updated on Friday, June 17, 2016

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RBI leaves rates unchanged, but cuts the cash reserve ratioas government acts on reforms

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Summary

As expected, the Reserve Bank of India (RBI) today left its key repo rate unchanged at 8.0% in light of persistent inflation, but reduced the cash reserve ratio (CRR) by 25 bps to 4.5% to help ease liquidity and lower funding costsfor banks.

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