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Chamber welcomes monetary policy

COIMBATORE: The Indian Chamber of Commerce and Industry, Coimbatore, has welcomed the Reserve Bank of India's credit policy, which has kept the cash reserve ratio unchanged at five per cent. In a release, the chamber President, A. Sakthivel, said the upward revision in the GDP growth projection would give the right signal to investors and improve their morale. Since inflationary pressures were mounting, the cost of production in all manufacturing sectors would go up soon and the government should take appropriate action to control inflation, he added.

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