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Government takes note of the decision of the RBI Monetary Policy Committee to keep the policy rate and policy stance unchanged.

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takes note of the decision of the RBI Monetary Policy Committee to keep the policy rate and policy stance unchanged. .

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The has taken note of the decision of the RBI Monetary Policy Committee to keep the policy rate and policy stance unchanged. .

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Following is the text of statement issued by in response to RBI unveiling its fourth bi-monthly monetary policy statement today. .

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We have noted that this decision has been made by the MPC in light of the underlying analysis which implies: (i) a downward revision of the real GVA growth forecast for 2017-18 from 7.3 percent to 6.7 percent, which leads to a widening of the output gap; and (ii) a marginally upward revision of the CPI inflation forecast for the second half of the year meaning an average inflation for the year 2017-18 as a whole of less than 4 percent. .

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welcomes the institution building initiatives, including : finalising the Peer to Peer NBFC financing regulations which would improve financing for smaller firms; .

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and increasing retail participation in via aggregation of bids by stock exchanges." .

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 04 2017. 00:20 IST