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MUMBAI (Reuters) -The Indian central bank's measured approach to withdrawing banking system liquidity is likely to keep overnight interbank lending rates between the policy repo rate and the floor of the policy corridor, three analysts said on Friday, allowing some policy transmission. The Reserve Bank of India withdrew 1 trillion rupees ($11.7 billion) from the banking system on Friday through a seven-day variable rate reverse repo, rolling over an operation from last week, despite a rising li ...Read More >
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