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MPC reiterates its commitment to achieve medium-term target for headline inflation of 4 per cent

MPC reiterates its commitment to achieve medium-term target for headline inflation of 4 per cent

Jun 06, 2018, at 03:50 pm

Mumbai, Jun 6 (IBNS): The Reserve Bank of India, on Wednesday, announced that on the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.25 per cent.