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RBI Policy Meet: Read full statement here
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The decision of the MPC is consistent with the stance of calibrated tightening of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
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Since the last MPC meeting in October 2018, global economic activity has shown increasing signs of weakness on rising trade tensions. Reuters
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