Amid talk of sovereign bond issues for foreign markets, the Reserve Bank of India (RBI) Governor D Subbarao met Finance Minister P Chidambaram and other senior ministry officials on Monday for over an hour and discussed various options to arrest sliding macroeconomic numbers and the rupee value against the dollar. The finance minister, in another meeting, briefed Prime Minister Manmohan Singh about the current macroeconomic situation and his recent visit to the United States. According to sources, Subbarao rushed to Delhi after he got a call from Economic Affairs Secretary Arvind Mayaram on Saturday. This resulted in the cancellation of the RBI governor’s public engagements in Mumbai..........
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