................Monetary policy acquired a tighter outlook on Monday when the Reserve Bank of India lifted two money market rates—the marginal standing facility and bank rate—by a hefty 2 percentage points; capped bank borrowings from its overnight window to 1% of net demand and time liabilities; and said it plans to scoop out Rs.12,000 crore of liquidity thereafter. These steps will make it harder and costlier for ...........
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