Statement by Secretary, DEA on third Bi-Monthly Monetary Policy Statement 2017-18

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....tatement by Secretary, DEA on third Bi-Monthly Monetary Policy Statement 2017-18 <br>News and Press Release<br>Dated:- 2-8-2017<br><BR>The Secretary, Department of Economic Affairs (DEA), Shri Subhash....

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.... Chandra Garg said that the Government welcomes the 25 basis points cut in the repo rate announced today by the Monetary Policy Committee (MPC) in its third Bi-Monthly Meeting held in Mumbai today. Sh....

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....ri Garg further said that this is as an important step necessary to converge toward the appropriate real monetary conditions for sustained growth consistent with India's potential and for stable, mode....

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....rate inflation. Following is the text of the Statement of Shri Subhash Chandra Garg, Secretary, DEA: "We have taken note of the statement of the MPC and its assessment of the inflation and growth ou....

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....tlook. We welcome the 25 basis points cut in the repo rate as an important step necessary to converge toward the appropriate real monetary conditions for sustained growth consistent with India's poten....

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....tial and for stable, moderate inflation".<BR> News - Press release - PIB....