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Economic growth to top 7% in next two quarters: RBI Governor Urjit Patel

The (MPC) will strive to achieve its 4 percent inflation target on a "durable basis", Patel said

Reuters  |  MUMBAI 

Fostering monetary conditions conducive to economic growth were a constant consideration for Indian policymakers, but would not take priority over achieving the central bank's inflation target, Governor Urjit Patel told a newspaper on Monday. Patel told the Mint newspaper that the economy was recovering, after growth slowed to a three-year low of 5.7 percent in the April-June quarter. The slowdown had sparked some calls for lower interest rates, but with inflation rising the RBI left rates unchanged at a review by the monetary policy committee (MPC) last ...

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First Published: Mon, October 09 2017. 11:43 IST