NewsX: RBI's innumerous measures

NewsX
NewsX
  • 5 years ago
NewsX: The Reserve Bank of India came up with an endless measures by hiking the lending rates of banks. RBI announces that they would sell the Government bonds to drain out Rs.12000 Cr. These measures came out when Prime Minister Manmohan Singh met Finance Minister P. Chidambaram in the bankrupt of the rupee falling to all time low 61 rupees against the US dollar.

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