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India's Rajan calls on govt to set up monetary panel soon; holds rate

Mr Rajan has championed the introduction of an MPC, so that future rate decisions will no longer be left to the discretion of RBI governors


AT HIS last policy review as head of the Reserve Bank of India, Raghuram Rajan kept key interest rates unchanged on Tuesday to cool inflation running near two-year highs, while also pushing for a policy panel to be formed in time for a review in October.

The decision to hold...

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