Government Says It Does Not Need RBI Reserves To Manage Fiscal Deficit

Finance Minister Arun Jaitley said that central banks of most of the countries keep a reserve of 8 per cent, while some conservative central banks maintain 14 per cent reserves.

from NDTV Profit - Latest http://bit.ly/2EYesFQ
Finance Minister Arun Jaitley said that central banks of most of the countries keep a reserve of 8 per cent, while some conservative central banks maintain 14 per cent reserves.

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