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Saturday, 29 June 2013

Slowing growth is worrying RBI


  • RBI says that growth is the most worrisome factor and volatile capital flows have made the country vulnerable to “stops and reversals”.
  •  RBI is estimating growth to improve to 5.7 per cent
  • Governor also said that the financial sector has no standing of its own; it matters only to the extent that it aids the growth of the real sector,” Subbarao said, adding that it is this wisdom that should guide both the global community and the Reserve Bank.

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