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    <title>Fifth Bi-Monthly Monetary Policy Statement, 2014-15 By Dr. Raghuram G Rajan, Governor</title>
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    <description>The Reserve Bank maintained the policy repo at 8.0%, reverse repo at 7.0%, MSF/Bank Rate at 9.0%, CRR at 4.0% and continued targeted overnight and term repos and reverse repos to smooth liquidity, preserving accommodative conditions while signalling that a change in stance could occur early next year if disinflation and fiscal outcomes remain favourable.</description>
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