Outgoing RBI governor Subbarao blames govt for sinking rupee - The Times of India
This blog deals with the deep-rooted conspiracy how the rainbow alliance of Maoist-TMC-Congress-SUCI with support and fund of capitalists, land-lords, finance capital, corporate media, imperialists and few sold out perverted intellectuals, so-called human right organizations and anti-national NGOs are bent upon weakening the mainstream leftist movement in India.
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Thursday, August 29, 2013
MUMBAI: On a day when the Reserve Bank of India engineered a 223-paise pullback of the rupee to 66.60, outgoing governor D Subbarao squarely blamed the government for the domestic currency's travails which he attributed to domestic structural factors. He also said the loose fiscal policy adopted by the government between 2009-2012 had constrained the RBI's monetary policy. - The Times of India
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