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State Bank of India expects RBI to Tighten Money
By arunr at 27 July, 2008, 9:00 pm
State Bank of India Chairman O P Bhatt today said he expects moderate monetary tightening in Reserve Bank of India’s quarterly review due next Tuesday. He indicated that the central bank could raise the cash reserve ratio, or the proportion of deposits that banks kept with RBI, by 25 basis points. [...]
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