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The Finance Ministry on Tuesday said it was encouraged by the RBI move to take note of the structural change in the outlook for inflation.
The Government looks forward to the RBI supporting the revival of growth and employment, the Finance Ministry said in a statement post the RBI’s announcement of the monetary policy today.
In the weeks ahead, the Government and RBI will work towards a monetary policy framework that will help institutionalise the gains achieved on the inflation front, so as to reduce inflationary expectations and further support the revival of investment and growth, the Finance Ministry statement added.
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