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India’s current economic scenario not...

By Biswajit Choudhury, New Delhi : The sharply...

India’s current economic scenario not like 1991 crisis: Bimal Jalan

By Biswajit Choudhury, New Delhi : The sharply depreciating rupee amidst rising global oil prices and the massive foreign funds outflow from the capital market are not crises comparable to the likes of the balance of payments (BoP) emergency India experienced in 1991 because the country's fundamentals are stronger than before, its BoP is strong and it has one of the highest levels of foreign exchange reserves, says former RBI Governor Bimal Jalan. On the Reserve Bank of India (RBI) refusing to raise its key lending rate in October as a...
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Economy

India’s current economic...

By Biswajit Choudhury, New Delhi : The sharply depreciating rupee amidst rising global oil prices and the massive foreign funds outflow from the capital market...
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