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RBI likely to hold interest rates steady as inflation, growth soften; to continue liquidity infusion
•Intense government pressure on the RBI to remove some major curbs on lending ahead of the election also means it is likely to take a more dovish stance.
RBI to infuse liquidity into the market by purchase of government bonds worth Rs 12,000 cr on Thursday
•This is part of the RBI's liquidity infusion of a total of Rs 36,000 crore this month, to be held in three phases, through purchase of government bonds in order to meet the festival season demand for funds.