RBI Holds Rates Steady for 4th Time to Fight Inflation, Signals Tight Policy Stance
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RBI keeps key lending rate steady at 6.50% for 4th straight policy meeting to fight high inflation
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Signals tight policy stance with high rates and liquid liquidity to bring inflation to 4% target
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Benchmark 10-year bond yield jumps most in 14 months on prospect of RBI bond sales
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RBI maintains FY23 economic growth forecast at 6.5% but sees inflation averaging 5.4%
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Says move to neutral policy stance only when inflation aligns durably with 4% target