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INDIAN (B)

RBI board to meet today, may discuss reserves level

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RBI’s central board will meet in Mumbai on Monday to take up the annual accounts. With the Bimal Jalan report on an ideal level of reserves to be maintained by the RBI having been submitted, the meeting is also likely to discuss the same. The August board meeting finalises the central bank’s accounts for the year and also decides on surplus to be transferred to the government.



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