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

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Assam- Normalcy Far Away

differing influence on currency contraction. In 1980-81, while foreign inward remittances have apparently continued at a high level and while such remittances would have had an expansionary influence on currency, the foreign trade deficit, the bulk of which may have been due to rise in import costs of petroleum and petro- leum-related products, may have been to a substantial extent financed by bank credit to either government or the commercial sector.

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