July 17, 2013
Economics
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Why RBI has hiked the Base Rate on Jul 15 & Implications
. Reserve Bank Of India (RBI) announced several measures day before yesterday late evening to tighten liquidity in the system and arrest depreciation of rupee. Why RBI wants to tighten liquidity and why the urgency. RBI had tightened liquidity to support rupee during Asian crisis: Historically, During the Asian crises of 1997-98, the RBI raised […]