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Re: Tuff-Stuff post# 538525

Tuesday, 04/01/2014 6:12:37 AM

Tuesday, April 01, 2014 6:12:37 AM

Post# of 648882
As expected, the Reserve Bank of India (RBI) has kept its benchmark repurchase rate at 8% and its cash-reserve ratio at 4%. The latter is closely watched and determines how much capital reserves banks should keep.The decision follows a fall in inflation and is the last before India starts a month-long general-election process on Sunday.

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