RBI's D Subbarao on difference between 2012 and 1991 crisis

.....The debate occurred when India saw foreign exchange reserves fall below a level enough to cover for only 8 months of imports. The crisis situation in 1991 was triggered by the balance of payment pressure where India’s foreign exchange reserves fell to a level where they could cover for only two months of imports. Is 2012 going to be a repeat of 1991?.......

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