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    RBI revises bank rate to 9.5%

    The bank rate, which has been defunct for nearly a decade, has been revised by the RBI to 9.5% from the 6% earlier. The RBI says, this is a purely technical move and has no monetary policy implications at all, reports CNBC-TV18’s Latha Venkatesh.

    first published: Feb 13, 2012 10:25 pm

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