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RBI keeps key rates unchanged, cuts SLR by 50 bpsThe upside risks to target CPI inflation below 8% by Jan 2015 remain, although overall risks are more balanced than in Jun, the RBI said.
SLR cut is a planning for the future, says RBI governor Raghuram RajanGovernor Rajan said that reduction in SLR might not spur credit growth immediately but it would enable banks to meet credit demand.
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