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Reserves Formula Likely In 60 - 90 Days

Reserves Formula Likely In 60 - 90 Days

Capital Frame Work Review Not Meant To Tap Into RBI's Kitty, Says Govt

New Delhi  :  The government is looking at a time frame of 60 - 90 days to get an expert view on the "right level " of reserves for the reserve bank if india (rbi) in an attempt to resolve the issue at the earliest. "Ninety days will be the outher limit,"said a source familiar with deliberations at rbi's marathon board meeting on monday. With the rbi board agreeing for a review of the contentious issue, governor urjit patel is expected to hold consultations with finance ministry brass as early as next week to finalise the membership and terms of reference.

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