Finance, Forex and Investments

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Summary: Why Did The RBI Bail Out Credit Agricole?Because the Little Indian Securities Scam may have been caused by the central bank's inefficient systems. By Gautam Chakravorthy It was a terse, late-evening telephone call from the Reserve Bank of India's (RBI) Public Debt Office (PDO) on June 12, 1998, that curtly warned the Treasury Department of Credit

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