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RBI Move To Cut Short-Term Lending Rates: Gaurav Kapur

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September 20: RBS’ Gaurav Kapur says the MSF move is on some degree of rupee stability, allowing RBI to ease liquidity a bit. Some comfort from FOMC and the failure of earlier tightening measures pushed the RBI to announce measures to stabilise inflation and support growth in the long term, he says. Governor Raghuram Rajan has balanced the objectives between inflation and growth, he adds.