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RBI's now tackling systemic instability

The timing of the RBI move also suggests it is now sanguine about consumption recovery and industrial credit revival. Its monetary tightening cycle has been particularly sensitive to sacrificing growth, and the squeeze on consumer credit is being applied when its impact is unlikely to be felt acutely. ....

Personal Loans , Post Pandemic Economic Recovery ,

US debt ceiling crisis: risks still lurk for China despite prospect of deal, analysts say

Beijing is one of the world’s biggest holders of US debt and could be affected by future turmoil in the market and the dollar. ....

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