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    <title>Highlights of RBI&#039;s monetary policy</title>
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    <description>Reduction of the Repo rate coupled with a continued neutral policy stance constitutes the central bank&#039;s operative monetary action, linked to updated GDP and inflation projections and an assessment of sustainable external and current account conditions. The statement pairs this rate action with regulatory guidance on banking and non-bank internet domain allocations and reports foreign exchange reserves as an import cover, while scheduling the next Monetary Policy Committee meeting for subsequent review.</description>
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