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Business Tit-Bits

Business Tit-Bits: Emptying the RBI coffers


Over the years, the RBI has accumulated reserves on account of revaluation of its foreign currency and gold portfolios, which is a notional book profit and not a realised actual one and contingency reserves, to meet any crisis in the banking/currency markets and ensure their stability. It is these accumulated reserves of the RBI, that the revenue and cash starved government has been eyeing and has been a matter of raging controversy between the RBI and the government. We give you all the details. #RBI #BimalJalan #UrjitPatel

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