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India holds rate, cuts SLR but warns of inflation risks

Monday, August 4, 2014 22:39
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    India’s central bank maintained its policy repo rate at 8.0 percent, as expected and again trimmed its statutory liquidity ratio (SLR) by 50 basis points to 22.5 percent but warned of upside risks to its inflation target that warrant “a heightened state of policy preparedness to contain these risks if they materialize.”


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