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RBI: Any fall in commodity prices to aid policy easing
March 20, 2012 / 5:42 AM / 6 years ago

RBI: Any fall in commodity prices to aid policy easing

NEW DELHI (Reuters) - A sharp decline in commodity prices may create room for fiscal and monetary policy easing, Reserve Bank of India deputy governor Subir Gokarn said on Tuesday on the sidelines of an industry event.

A worker holds a fuel nozzle at a petrol pump in Hyderabad June 17, 2010. REUTERS/Krishnendu Halder/Files

The central bank kept its policy repo rate on hold at 8.50 percent at the mid-quarter review on Thursday, warning on resurgent inflation risks, and put pressure on the government to trim the fiscal deficit.

Reporting by Manoj Kumar

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