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RBI - To Hold Meetings With Banks, ARCs, Rating Agencies, IBB, PE Firms RBI - Looking At Determining Rating Assignments To Check Rating Shopping

RBI Move A Prelude To Policy Change?

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The Finance Minister assured that RBI’s move is not a prelude to policy change. However, Taimur Baig, Chief Economist for India, Deutsche Bank feels that the change in policy will depend on the movement of rupee, as more measure will be needed if the currency depreciates going forward.