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    <title>Second Quarter Review of Monetary Policy 2012-13 Press Statement by Dr. D. Subbarao, Governor, Reserve Bank of India</title>
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    <description>The Reserve Bank cut the cash reserve ratio to inject primary liquidity while maintaining the repo rate unchanged, with reverse repo and MSF rates held symmetrically; the measure is intended to ease systemic liquidity shortages and support credit flow without abandoning the focus on containing inflation expectations. The Bank revised down GDP growth and raised near term WPI inflation projections, highlighted multiple domestic and global risks to the growth inflation outlook, and announced regulatory measures including market infrastructure upgrades, priority sector lending adjustments, enhanced provisioning for restructured accounts, stronger information sharing, supervision of unhedged foreign currency exposures, and steps toward a resolution regime for systemic institutions.</description>
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