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RUPEE AT CLOSE - Rupee Ends At 66.92/$ Vs 67.01/$ On Friday SIEMENS - Bags Order Worth Rs 287 Cr Form Nagpur Metro Rail Corporation

Banking Slump: A Collateral Damage?

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July 26: RBI’s liquidity tightening measures spurred a sell-off in banking stocks on fears of higher funding costs. Ramanathan K., ED & CIO at ING Investment Management, believes the panic in the economy is justified. “The unexpected liquidity tightening by RBI has reversed banks’ yield gains,” he says, but adds that the worst is over.