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RBI measures only tactical, not game changers: JP Morgan

Neither the currency nor equity markets cheered the new RBI policy measures announced on Monday, but only hoped for more. To arrest the falling rupee, the central bank hiked the limit of ECB to USD 10 billion. Moreover, the regulator also increased the limit of overseas investment in government bonds by USD 5 billion to USD 20 billion

first published: Jun 26, 2012 10:43 am

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