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Articles

Omar El-Gazzar, an FX Dealer at Crown Agents Bank responds to the Reserve Bank of India’s Monetary Policy

In April, the Reserve Bank of India issued guidelines for digital banking units. Our FX Dealer, Omar El-Gazzar, responds to the monetary policy review in Business Leader:

“No major surprises from The Reserve bank of India this morning as they voted to keep interest rates on hold. The Repurchase rate was kept at 4%, despite the inflation outlook being raised to 5.7% for the fiscal year to reflect higher oil prices”.

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