RBI policy review: D Subbarao leaves CRR, repo rate unchanged

Highlights from RBI's policy review:

1. RBI keeps interest rate and cash reserve ratio (CRR) unchanged
2. The biggest risk to growth stems from politico-economic considerations: RBI
3. With inflation easing, the monetary policy will focus on removing threats to growth: RBI
4. Inflationary pressure moderating but high food and commodity prices continue to remain a risk: RBI
5. RBI says it is closely monitoring the evolving growth-inflation dynamics.
6. RBI to update formal assessment of its growth and inflation projections for 2012-13 in January.
7. With inflation pressures ebbing, monetary policy has to shift focus and respond to threats to growth from now on, says RBI.

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