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India cenbank holds rates as expected; clues on stimulus exit eyed

CCTV cameras are seen installed above the logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai, India, February 7, 2019. REUTERS/Francis Mascarenhas MUMBAI, Oct 8 (Reuters) – The Reserve Bank of India’s monetary policy committee kept interest rates steady at record lows on Friday, as widely expected, but traders are awaiting comments about inflation and liquidity normalisation for further clues on the outlook. RBI’s key lending rate or the repo rate (INREPO=ECI) was held steady at 4% while the reverse repo rate (INRREP=ECI) or the borrowing rate also stayed unchanged at 3.35%. All 60 economists polled […]

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