RBI forex intervention leads to cash shortage - mydigitalfc.com

RBI forex intervention leads to cash shortagemydigitalfc.comForex reserves of the RBI dipped 4 per cent to $308.6 billion on November 18, from $320.4 billion on October 28, 2011. Banks borrowed close to Rs 1,20000 crore daily on an average from the RBI last week. Bankers suggest that an intervention of the ...and

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