Direct monetisation should be last resort: D Subbarao - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Direct monetisation should be last resort: D Subbarao

The current situation does not call for the RBI directly monetising the deficit. The cost of doing that will be much more than the benefits. There is an enormous amount of liquidity in the system. Banks are flush with funds and will be too happy to finance the government.

from Stocks-Markets-Economic Times
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