............The respondents to the BS poll unanimously said they expected the status quo. Amid an uncertainty over monsoon, if the central bank keeps the repo rate - the rate at which RBI lends to banks; currently at eight per cent - unchanged, it will be a third straight policy review in which it will do so. The reverse repo rate is seven per cent at present. The retail inflation rate had stood at 7.3 per cent in June, compared with 8.28 per cent the previous month. The current level is under RBI's January-end projection of eight per cent, though above its comfort level.....
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