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Outgoing RBI governor Subbarao blames govt for sinking rupee

| Aug 30, 2013, 09:07:59 AM
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On a day when the Reserve Bank of India engineered a 223-paise pullback of the rupee to 66.60, outgoing governor D Subbarao squarely blamed the government for the domestic currency's travails which he attributed to domestic structural factors. He also said the loose fiscal policy adopted by the government between 2009-2012 had constrained the RBI's monetary policy.

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