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Topic: US Federal Reserve
It’s been some time since people thought about the concept of money and its purpose. The broad idea is that money has value, but that value is not arbitrary.
Interest rate cuts could push emerging economies such as India into a quagmire of runaway inflation and currency weakness.
RBI Thursday announced it will sell short-term securities worth Rs 10,000 crore maturing next year and purchase long-term securities maturing in 2029.