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Frequency of availing liquidity facilities may rise in Q1 FY2023 following changes related to borrowing permissions      ICRA Business Activity Monitor stood at 115.7 in April 2022, second-highest level in 13 months; low base exaggerated YoY growth to 16.1%      Changes in borrowing permission guidelines contributing to lower-than-indicated SDL issuance in Q1 FY2023     

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