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Reserve Bank of India (RBI) Governor Shaktikanta Das that suggested moving away          New Delhi : The recent statement by Reserve Bank of India (RBI) Governor Shaktikanta Das that suggested moving away from the conventional magnitude of rate revisions that are in multiples of 25 bps (basis points), was indicative of second generation policy signals on the lines of the U.S. Federal Reserve, State Bank of India said in a report. In a speech last week, Mr. Das had said that calibrating the size of the policy rate and the size of the change itself can convey the stance of policy.                                Mr. Das delivered the speech on the sidelines of the International Monetary Fund (IMF) and World Bank’s spring meetings at Washington DC. “We believe that such thinking signifies the RBI’s intent to use communication as a policy in itself rather than being the policy stateme...

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