RBI gets into firefighting mode post US downgrade

The Reserve Bank of India got into damage control mode immediately after the news about the US downgrade broke. The regulator tried to calm jittery investors with an assurance to respond quickly to any liquidity outflow. But what will be the immediate challenges for the Indian economy in the wake of the recent downgrade?

August 09, 2011 / 13:11 IST
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The Reserve Bank of India got into damage control mode immediately after the news about the US downgrade broke. The regulator tried to calm jittery investors with an assurance to respond quickly to any liquidity outflow. But what will be the immediate challenges for the Indian economy in the wake of the recent downgrade? CNBC-TV18

first published: Aug 8, 2011 09:52 pm

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