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- India’s Central Bank says headline inflation projected in range of 2.0-3.5 pct in first half of 2017/18, 3.5-4.5 pct in second half of year
India’s Central Bank says headline inflation projected in range of 2.0-3.5 pct in first half of 2017/18, 3.5-4.5 pct in second half of year
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Need to ensure whether or not the unusually low momentum in inflation reading for april will endure
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Policy interventions, including access to open trade, may be envisaged to arrest slump in prices
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Cuts statutory liquidity ratio of banks by 50 bps to 20 pct of total deposits, effective fortnight starting june 24
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Says implementation of gst not expected to have material impact on overall inflation
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Projection of real gva growth for 2017/18 revised 10 bps downwards
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Minimum original maturity for masala bonds worth up to $50 mln per year should be 3 yrs, those above $50 mln per year should be 5 yrs
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