RBI steps in to shore up Re, but economy could tak
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Posted On: 07/15/2013 3:15:44 PM
RBI steps in to shore up Re, but economy could take a hit In its toughest move to defend the rupee after the Lehman Brothers crisis in 2008, the RBI has moved to push up short-term rates in the money markets which will choke speculators and attract dollars to India.
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