Monday, October 13, 2008

Liquidity crisis!

The big debate now in India is LIQUIDITY!
According to some economists, the economic slowdown is triggered by liquidity crunch of banks!
So RBI swung into action and made efforts to release around 60,000 crore rupees into the market through CRR cut. Hope the situation improves soon and Indian economy gets back on it's agile feet.

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