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    <title>Highlights of Reserve Bank&#039;s monetary policy</title>
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    <description>Monetary policy stance maintained with the repo rate unchanged, revised GDP and inflation projections, and emphasis on external sector resilience and exchange-rate vigilance. Supervisory actions include implementation of Basel III capital adequacy norms, an enabling framework for bank acquisition financing, proposed higher limits for lending against shares and IPO financing, simplification of foreign exchange management norms, and rupee lending to specified non-residents for cross-border trade.</description>
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