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RBI keeps repo rate unchanged at 6.25%, raises Reverse repo rate to 6%

The Reserve Bank of India in its first bi-monthly monetary policy of this fiscal, has kept the repo rate unchanged at 6.25%.

However, the reverse repo rate has been raised to 6% from 5.75%.

Moreover, RBI has said that GVA growth is projected to be 7.4% in 2017-18.

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