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Published on Monday, October 29, 2012

India Flash: Staying cautious on inflation, RBI keeps repo rate unchanged

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Summary

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 by 25 bps to 4.25% (BBVA: 4.25%)