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NPPA : Fixes Ceiling Price On 761 Out Of 800 Essential Drugs OPEC : Agrees To Exclude Nigeria In Oil Output Reduction: Reuters

RBI Strategy Cannot Be Permanent: Yes Bank

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July 18, 2013: Rajat Monga, CFO at Yes Bank, believes RBI cannot cut rates and tighten liquidity conditions at the same time. “The rate cutting cycle will be brought back only after RBI moves come into effect,” he added. Monga also said the investment cycle needs a policy injection and interest rates can only help, not determine policy cycle.