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

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Dollar-New Balance of Strenth

the basis of industrial priorities. Indirectly, the objective could have been achieved by requiring banks to earmark a specified proportion of their additional advances for the conventional priority sectors. The Reserve Bank, however, remains dead scared of any mention of priorities and is determined to leave the allocation of credit to the market mechanism. If beer makers or textile mills stocking up cotton are, able to outbid the rest, the Reserve Bank apparently sets nothing wrong with it.

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