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In line with expectations, the Reserve Bank of India (RBI) on Tuesday decided to keep key interest rates unchanged in its fourth bi-monthly policy review.
Here are the key highlights from the central bank's policy review:
> The central bank kept repo rate unchanged at 8 per cent and reverse repo rate at 7 per cent.
> Cash reserve ratio (CRR) unchanged at 4 per cent.
> Maintains FY15 GDP growth estimate at 5.5 per cent.
> Projects FY16 GDP growth at 6.3 per cent.
> Currently positioned to reach 6 per cent inflation target by 2016.
> Inflation may climb back to 8 per cent in January-March 2015.
> Expect 7 per cent inflation by Q4 of FY16.
> Upside risks from food socks persist.
> Inflation readings better on better-than-expected monsoon.
> Will bring SLR down as government finances improve.
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