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    <title>Third Bi-monthly Monetary Policy Statement for 2018-19</title>
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    <description>The MPC raised the policy repo rate by 25 basis points to 6.5 per cent, maintaining a neutral stance to achieve the medium term CPI inflation target of 4 per cent while supporting growth, citing global trade tensions, volatile oil and commodity prices, firming domestic inflation from fuel and input costs, domestic activity indicators, liquidity conditions, external sector developments, and key risks including MSP increases, monsoon distribution, inflation expectations, and fiscal and HRA impacts.</description>
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