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

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RBI to Government s Rescue

EPW Research Foundation RBI to Government s Rescue The government's avowed objective of keeping the monetised deficit under check notwithstanding, the market's lukewarm response to its borrowing programme has pushed it into overwhelming dependence on the RBI. Phenomenal levels of monetised dificit have been the result.

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