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HindustanTimes Mon,14 Jul 2014

Timeline: Changes to India's repo rate since June 2000

Reuters   June 17, 2013
First Published: 16:42 IST(17/6/2013) | Last Updated: 16:43 IST(17/6/2013)

The Reserve Bank of India kept interest rates unchanged on Monday after cutting them in each of its previous three policy reviews, warning of upward risks to inflation posed by a falling rupee and increases in food prices.

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The central bank left its policy repo rate unchanged at 7.25% and kept the cash reserve ratio (CRR), or the share of deposits banks must keep with the central bank, steady at 4%, despite falling inflation in recent months.

The RBI also called for vigilance over global economic uncertainty, citing the risks of a reversal of capital flows from emerging markets. Such outflows would exacerbate the country's high current account deficit.

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