ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Act Three, Ghosh Two

HOW is it that 'balances held abroad' by the Reserve Bank have increased consistently week after week from Rs 11 crores on November 24 to Rs 121 crores on February 2? The contra entry on the liabilities side in the banking department is an increase of Rs 90 crores under 'other deposits' over the same period. This is the head under which transactions with the International Monetary Fund arc recorded. Obviously, something important has gone unnoticed by the press, usually vigilant for news of external bounties.

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