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    <title>Minutes of the Monetary Policy Committee Meeting December 2 to 4, 2020 [Under Section 45ZL of the Reserve Bank of India Act, 1934]</title>
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    <description>The MPC, constituted under Section 45ZB and publishing minutes under Section 45ZL, resolved to keep the policy repo rate unchanged and to continue an accommodative stance at least through the current and next financial year to revive durable growth and mitigate COVID 19 impacts while ensuring CPI inflation remains within the medium term target. The decision reflects an assessment of an uneven recovery, large systemic liquidity surplus, improving credit flows, rising foreign exchange reserves, and elevated inflation driven chiefly by supply disruptions, with unanimous votes recorded for the resolution.</description>
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      <description>The MPC, constituted under Section 45ZB and publishing minutes under Section 45ZL, resolved to keep the policy repo rate unchanged and to continue an accommodative stance at least through the current and next financial year to revive durable growth and mitigate COVID 19 impacts while ensuring CPI inflation remains within the medium term target. The decision reflects an assessment of an uneven recovery, large systemic liquidity surplus, improving credit flows, rising foreign exchange reserves, and elevated inflation driven chiefly by supply disruptions, with unanimous votes recorded for the resolution.</description>
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