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Saturday, December 5, 2009

'Dubai crisis not to hit india's banking sector'


The financial crisis in Dubai could have some impact on flow of remittances into India .
According to the Reserve Bank of India ,those parts of the country are that receives inflows from the Gulf nations will be most affected.
"Some parts of the country are certainly more dependent on remittances from Dubai ,but overall i think its too early to say .There could be some impact obviously",RBI deputy Governor Usha Thorat said when asked about the impact of the crisis on the country.     

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