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RBI fearing an Indian subprime?

PUBLISHED ON: January 31, 2008 | Duration: 4 min, 49 sec

  
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RBI believes and has hard evidence that a problem similar to subprime exists in the Indian market and this time due to Indian companies exposing themselves to complex derivative products denominated in foreign exchange, sources said. NDTV has learnt that this might be the reason why RBI warned corporates on exposure to foreign exchange derivatives.
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