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RBI credit policy: Investment climate lackluster, says Subbarao

PUBLISHED ON: January 29, 2013 | Duration: 19 min, 59 sec

  
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The RBI cut its key interest rate and CRR by 0.25 per cent on Tuesday as part of its credit policy review. RBI governor, D Subbarao, cited subdued economic activity, weak demand and tight liquidity conditions as some of the reasons for the cut. He further emphasized on the need to improve investment climate, at the policy announcement.
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