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Cannot make up for lack of fiscal action at centre level, says RBI

PUBLISHED ON: June 18, 2012 | Duration: 56 min, 48 sec

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The Reserve Bank of India (RBI) kept its key interest rates - repo rate and Cash Reserve Ratio (CRR) unchanged on Monday and reiterated that it inflation remains uncomfortably high. It explained that slowdown is related to lack of investment and not high interest rate.
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