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RBI credit policy: Repo rates unchanged, CRR cut 0.5%

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  • Published On: January 24, 2012
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RBI addresses growth concerns by cutting CRR rate. The Indian growth outlook has weakened as a result of adverse global and domestic factors. The Reserve Bank of India left key interest rates untouched on Tuesday but cut cash reserve ratio or CRR by 0.5 per cent to 5.5 per cent.
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