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

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No More a Distant Threat

THE country's external payments situation has been emitting danger signals for quite some time. In the absence of any comprehensive official review, the media have been speculating on the gravity of the situation. As per the Reserve Bank's latest monthly Bulletin, the country's foreign currency assets had plummeted to a level of Rs 4,896 crorc by September, the equivalent of barely a month-and-a-half

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