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RBI MPC_Aug’23: RBI Adopts Wait and Watch while Tightening Screws on Liquidity

The note delves into the MPC’s cautious stance, opting for a wait-and-watch approach while addressing surplus liquidity from the return of Rs 2000 notes through the implementation of I-CRR. The report scrutinizes pivotal economic indicators influencing the RBI’s decision and delves into the concerning trend of supply-driven food inflation.

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