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Demonetization Reduces Confidence In RBI Says S&P

Demonetization Reduces Confidence In RBI Says S&P

Thursday, December 15, 2016, 10:27 AM

The Government’s surprise move to scrap high value notes, has reduced the competence and reputation of RBI, says Standard and Poor (S&P). Slow replacement of abolished rupee notes, has hit large parts of the economy. RBI and Government have been forced to announce a series of measures to ease the impact of demonetization. However S&P maintains, RBI is a credible Organization.
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