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RBI to have off cycle meeting on Nov 3 over inflationary concerns

The Reserve Bank of India (RBI) on Thursday announced that its Monetary Policy Committee (MPC) will have an off-cycle meeting on November 3. The MPC's off-cycle meeting has been convened as the central bank has failed to curb inflation, which has remained beyond its tolerance limit of 2 to 6 per cent for the past nine months.