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PMO all too powerful, ministers powerless? Rajan fires fresh salvo

The starting point to address this slowdown will be for the Modi govt to acknowledge the problem, he said.

MPC

Dec 08, 2019, 04.22 PM IST

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RBI MPC starts deliberations on monetary policy

The GDP growth slowed sharply to more than six-year low of 4.5 per cent in the July-September, hit by a slump in manufacturing output, which contracted by 1.0 per cent. The pace of GDP growth moderated from 5 per cent in April-June and 7 per cent in the July-September quarter of 2018. The MPC resolution will be placed on the RBI's website at 11.45 AM on Dec 5.

View: Twist in the tale, markets turn pale

Going forward, the MPC is likely to see two CPI prints before the Feb policy.

Expect policy rates to remain low

The fact that the accommodative stance has been maintained and the assurance that they remain “ready to act...

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