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    <description>The Monetary Policy Committee cut the policy repo rate and reduced MSF and Bank Rate while widening the LAF corridor with a lower reverse repo rate, maintained an accommodative stance to support growth amid COVID-19 shocks, and complemented the action with liquidity operations (long-term repos, open market purchases, operation twist, and forex swaps) to improve transmission, sustain credit flows, and stabilise markets while monitoring inflation dynamics and urging coordinated fiscal and regulatory responses.</description>
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