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Ahead of its interest rate decision tomorrow, the RBI paints a picture of a stagflationary...

Ahead of its interest rate decision tomorrow, the RBI paints a picture of a stagflationary economy in its quarterly report. "The near-term outlook on inflation continues to be marked by a number of upside risks, despite the significant slowdown in growth ... fiscal and monetary space to stimulate ... remain limited." Inflation worries are likely to keep the RBI on hold for now.
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