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    <description>The Monetary Policy Committee reduced the policy repo rate by 25 basis points to 6.25 per cent with corresponding adjustments to standing deposit, marginal standing facility and Bank Rate, while continuing a neutral monetary policy stance aimed at aligning CPI inflation with the medium term 4 per cent target within a +/- two point band and supporting growth; projections foresee moderating inflation and a recovery in real GDP amid identified global and domestic risks.</description>
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