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    <title>First Bi-monthly Monetary Policy Statement, 2018-19</title>
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    <description>The Monetary Policy Committee kept the policy repo rate unchanged at 6.0 per cent and maintained a neutral stance to achieve the medium term CPI inflation objective of 4 per cent ( 2%), while supporting growth. It revised CPI projections for 2018 19 (4.7-5.1% in H1; 4.4% in H2 including HRA impact) and projected GDP growth to strengthen to 7.4% in 2018 19, noting upside inflation risks from HRA/MSP changes, fiscal slippages, monsoon variability, input costs and crude price volatility.</description>
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