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Monday, 17 December 2018

Home / Business News: Latest News on Business / Financial News / India Business & World Business News / Stock Markets / Excess reserve transfer may hit RBI credit rating: Rajan

Excess reserve transfer may hit RBI credit rating: Rajan

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"We are 'Baa' country. We are barely investment grade. Sometimes, we need to undertake international transactions that require really high credit rating. For example, the swap we did in 2013. So, for that we needed an unimpeachable balance sheet. Why don't we keep the RBI as an unimpeachable balance sheet with AAA credit rating that requires certain amount of equity," he said.

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