India's central bank on Wednesday left its key interest rate unchanged for a second policy session in a row as it saw upside risks to the inflation outlook and maintained its policy stance of "calibrated tightening".
The central bank also took steps to make banks lend more to boost the economy, by deciding to reduce the statutory liquidity ratio, or SLR, which is a form of reserve requirement that that banks have to maintain in liquid assets such as cash, gold and government securities.
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