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    <description>The MPC maintained the policy repo rate at 4.0 per cent and an accommodative stance to revive and sustain growth while ensuring inflation remains within the medium-term target of 4% 2%, assessing current inflation as largely transitory supply-driven, noting global recovery divergence, elevated commodity prices, improving domestic activity with ample liquidity, and projecting CPI inflation at 5.7% and real GDP growth at 9.5% for 2021-22.</description>
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