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This is an archive article published on July 13, 2010

RBI should adjust policy: Montek

The RBI should marginally adjust its monetary policy,Montek Singh Ahluwalia said.

The Reserve Bank of India should marginally adjust its monetary policy,Montek Singh Ahluwalia,deputy chairman of the Planning Commission,said on Tuesday.

The Reserve Bank of India (RBI) is widely expected to raise rates by another 25 basis points at its policy review on July 27,after it surprised markets early this month by raising policy rates by a quarter point.

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