..........."Maintaining the stance on disinflationary glide path announced in the earlier policy, the Reserve Bank of India kept the benchmark Repo Rate unchanged at 8%. The RBI monetary policy targeting a CPI inflation rate of 6% as on January 2016 complements well with the government pursuing the fiscal deficit target of 3% as on March 2017. These measures would bring down inflation and likely provide Indian savers real rate of return in future."..........
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