RBI leaves Repo Rate unchanged at 8 percent; cuts banks statutory - TopicsExpress

RBI leaves Repo Rate unchanged at 8 percent; cuts banks statutory liquidity ratio by 50 bps to 22 pct of deposits from August 9.RBI - balance of risks to inflation target of 6 pct by Jan 2016 are on upside, warranting heightened state of policy preparedness to contain these risks.The central bank has flagged inflationary risks, with some “continuing uncertainty about the path of monsoon”. RBI was expected to toughen its inflation rhetoric.

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