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RBI Monetary Policy: MPC keeps repo rate unchanged; stance accommodative

The Monetary Policy Committee (MPC) on December 8 retained the key lending rate, repo, at 4 percent, and maintained its stance as “accommodative”. The MPC said the policy stance will remain “accommodative” until there is sustainable recovery in the economy. Inflation has eased of late, but is still away from MPC’s ideal rate of 4 percent. India’s retail inflation rate, which is measured by the Consumer Price Index (CPI), rose to 4.48 percent in October.

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