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Reserve Bank expected to keep rates steady, liquidity steps eyed: Poll

By Swati Bhat MUMBAI (Reuters) - India s central bank will likely keep interest rates at record lows this week as it assesses the economic fallout of the country s evolving COVID-19 crisis, but the monetary authority is expected to reiterate its commitment on liquidity. The Reserve Bank of India s (RBI) monetary policy committee (MPC) will likely keep the key lending rate or the repo rate unchanged at 4% for a sixth straight meeting when it announces its decision after a three-day meeting on Friday. All 51 economists polled by Reuters expected the MPC to hold rates as Asia s third-largest economy grapples with various state lockdowns.

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