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RBI's monetary policy committee highlight inflation spike risk, signal rate hikes

Updated : October 19, 2018 08:19 PM IST

Minutes of RBI's monetary policy committee's (MPC) October meeting, released on Friday, showed most committee members highlighted the upside risks to inflation while preferring to wait for greater clarity on price pressures.
Five of six MPC members had voted for keeping rates on hold at 6.50 percent, surprising most economists.

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