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RBI may cut CRR by 1% in Dec if FPI flows don't revive, says BofAML

The report said there will still be a deficit of Rs 1 trn in the system till Dec even if RBI continues to inject money through buyback of govt ...

Related: RBI to raise policy rates by 25 bps in first quarter of 2019: Goldman Sachs

RBI's comfort with rupee fall shows it's a flexible inflation targeter now