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Finance > Indirect Quote
The following information is about Indirect Quote.
Indirect Quote Defined
For foreign exchange, the number of units of a foreign currency needed to buy one U.S. dollar.
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Deposits in banks safe; no reason for anxiety: RBI Governor
Published October 11, 2008, 3:22 am, rediff.com
Assuring depositors that their money was safe in banks, Reserve Bank of India Governor D Subbarao said on Saturday the central bank was geared to inject more liquidity into the country's financial system and that there was no cause for anxiety. "Our banking system is stable and sound. There is no reason for any anxiety or uncertainty," he said while talking to reporters in Washington.
Q and A: What now with the $700B financial bailout?
Published October 4, 2008, 11:12 pm, The Salt Lake Tribune
To what extent will this benefit banks, or will more fail? Many banks, especially local ones, don't have mortgage-backed securities in their portfolios and as a result won't directly benefit from the bailout by being able to get them off their books.
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