MUMBAI: In its toughest move to defend the rupee after the Lehman Brothers crisis in 2008, the Reserve Bank of India (RBI) has moved to push up short-term rates in the money markets which will choke speculators and attract dollars to India. But these measures will cause collateral damage to the economy by pushing up short-term borrowing for companies by a couple of percentage points and cause huge losses for bond investors..........
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