Total spending grew 1.2% m/m in May
Insight
In its mid quarter Monetary policy review, the Reserve Bank of India held its benchmark Repo rate at 7.25% and the Reverse Repo rate at 6.25%. The RBI expressed concern at the sudden, steep depreciation in the Rupee amid a high current account deficit.
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India Monetary Policy Review – June 2013 (PDF 333 KB)
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