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India Flash: RBI leaves rates unchanged, but cuts the cash reserve ratioas government acts on reforms

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Published on Sunday, September 16, 2012

India Flash: RBI leaves rates unchanged, but cuts the cash reserve ratioas government acts on reforms

As expected, the Reserve Bank of India (RBI) today left its key repo rate unchanged at 8.0% in light of persistent inflation, but reduced the cash reserve ratio (CRR) by 25 bps to 4.5%