Reserve Bank of India Deputy Governor Rakesh Mohan said there has been no new development in the nation's financial system after the central bank increased its benchmark rate last week by the most since 2000.

<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>On June 24, the Reserve Bank raised its key repurchase rate for the second time in two weeks to the highest in six years, to curb the fastest price increases in 13 years.<BR>
</p><p class='TableClas'>"There has been no material change in the financial conditions from what we said in the statement on June 24,'' Mohan told reporters in Mumbai. "So it is too early to comment.''<BR></P></p></table>


No new changes after rate hike: RBI

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