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    <title>Monetary Policy Statement 2012-13</title>
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    <description>The Reserve Bank balances the need to contain inflation and support growth by reducing the repo rate by 50 basis points to 8.0 per cent while increasing the MSF access limit from 1% to 2% of NDTL and keeping CRR unchanged; these measures aim to provide a liquidity cushion, moderate demand pressures and anchor inflation expectations, with continued caution given upside risks from commodity prices, fiscal slippage and external vulnerabilities.</description>
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