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    <title>Mid-Quarter Monetary Policy Review: September 2013</title>
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    <description>Reserve Bank reduces the marginal standing facility rate and the minimum daily CRR maintenance while raising the policy repo rate under the LAF, with corresponding adjustments to the reverse repo and Bank Rate, to begin calibrated unwinding of exceptional liquidity-tightening measures, restore the repo as the operational policy rate, anchor inflation expectations, and mitigate exchange market volatility; further actions will be data-contingent and two-way, though additional changes to the minimum daily CRR maintenance are not contemplated.</description>
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