RBI moves forward to battle rupee flood1 min read . Updated: 22 Aug 2017, 08:14 AM IST
RBI is stuck with a banking system inundated with copious rupee liquidity, a direct flood caused by demonetisation
Central banks act as dams that prevent a flood from ruining markets. But many a time, these very floodgates have to be opened to prevent damage to the structure itself.
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