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The Monetary Policy Committee of the Reserve Bank of India left the policy repo rate unchanged while slashing the CRR rate. While acknowledging the recent slowdown in India’s economic growth, the central bank sounded cautious on inflation. The central bank expects the economic growth to recover in second half of FY25. “Industrial activity is expected to normalise and recover from the lows of the previous quarter,” the Reserve Bank of India governor Shaktikanta Das said in a
