The Reserve Bank of India (RBI) governor Raghuram Rajan went with the majority views of the members of the Technical Advisory Committee (TAC) on monetary policy to hike the repo rate and cut the Marginal Standing Facility (MSF) rate last month. The minutes of the meeting was released on Thursday as per which expressing concerns on inflation as also on the external front, four members supported raising the repo rate by 25 basis points while bringing down the MSF rate by the same amount..........
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