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    <description>The RBI emphasised calibrated monetary tightening to contain persistently high inflation while preserving resilient growth, implementing a policy rate increase and reserving data dependent, measured future action; liquidity will be gradually normalised through two way fine tuning operations and enhanced deposit mobilisation, and the external sector is expected to remain financeable with the central bank prepared to address excessive exchange rate volatility while advancing cross border payments and digital finance regulatory work.</description>
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