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May 25, 2013
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bank of america
RBI can buy $9 bn more forex from market: BofA-ML
The Reserve Bank, which had bought USD 840 million of forex in March in an effort to shore up the reserves after a two-year hiatus, has leg room to snap up USD 9 billion more from the market, brokerage Bank of America Merrill Lynch (BofA-ML) said in a report Thursday.
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