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    <title>Ongoing uncertainties, frontloaded cuts, core inflation uptick led to status quo on rate: Malhotra</title>
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    <description>Reserve Bank maintained the policy rate at the bi monthly review due to global uncertainties, prior front loaded rate cuts, and a rise in core inflation, with the monetary policy committee remaining vigilant. The Governor noted incomplete transmission of earlier easing, expected credit pickup-notably in home loans-as transmission advances, and continued monitoring of headline and core inflation. The statement also remarked on rupee depreciation amid uncertainty and described banking sector asset quality as satisfactory.</description>
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