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India#39;s economic growth appears to be very fragile, says RBI monetary policy committee member Jayanth R Varma

India#39;s economic growth appears to be very fragile, says RBI monetary policy committee member Jayanth R Varma The Reserve Bank which has been hiking the short-term lending rate since May last year has cumulatively raised the repo rate by 250 basis points. The repo rate now stands at 6.5 per cent.

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