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Addressing growth concerns by boosting aggregate demand assumes highest priority at current juncture.
Transmission of policy rate cuts to weighted average lending rates on fresh loans has improved marginally since June.
Impact of monetary policy easing since February expected to support economic activity going forward.
Inflation projected to remain within target over a 12-month ahead horizon.
Aggregate demand, investment activity remain sluggish.
To take measures to enhance credit flow to non-banking finance companies.
The Rupee remains under pressure on a bigger-than-expected rate cut announcement, with USD/INR flirting with multi-month highs near 71.00.
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