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

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POLITICS-Dangerous Compromise

export efforts on our part might actually lead initially to a reduction in foreign exchange holdings; the nominal matching of the debit and credit sides of the dollar advance would take place only after the completion of purchase, over a period of time, of the fully contracted quota of Indian goods. In the interim, trading with Russia would involve a loss of foreign exchange.

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