Tuesday, December 10, 2013

RBI’s Raghuram Rajan plans consumer-price linkers to lure savings

.......The new securities will help central bank Governor Raghuram Rajan boost the savings rate from a 2008 low. Better protection against living-cost swings may limit demand for bullion as a store of value in the world’s biggest gold-consuming nation and cut the government’s reliance on import curbs..........



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