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RBI decision on expected lines: FinMin

Economic affairs secretary Shaktikanta Das on Tuesday said RBI's move to keep the policy rate intact was on the expected lines.

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RBI decision on expected lines: FinMin

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  1. Budget 2016: RBI Decision On Expected Lines Economic affairs secretary Shaktikanta Das on Tuesday said RBI's move to keep the policy rate intact was on the expected lines. He said one has to wait for the Budget to know the government strategy on the fiscal consolidation road map. The Budget is expected to be tabled in Parliament on February 29. Read our full coverage on Union Budget 2016 The finance ministry is grappling with the issue of fiscal consolidation road map. It has received all sorts of advices-- to defer the road map by one more year, stay on the path and not to tie itself with any fiscal deficit number. As RBI expected inflation would be 5% in FY17, Das said one has to see how inflation turns from here.

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