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RBI chief: strong case for monetary policy to support growth

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Reuters MUMBAI

MUMBAI (Reuters) - The RBI is very keen that monetary policy reverts to supporting growth and there is a strong case for this to happen, its Governor Duvvuri Subbarao said at a news conference on Tuesday.

Earlier in the day, the RBI left interest rates unchanged as it supports a battered rupee but said it will roll back recent liquidity tightening measures when stability returns to the currency market, enabling it to resume supporting growth.

(Reporting by Neha Dasgupta; Writing by Swati Bhat; Editing by Anupama Dwivedi)

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First Published: Jul 30 2013 | 3:56 PM IST

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