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RBI to manage Telangana’s finances from 2 June

LiveMint logoLiveMint 20-05-2014 Swati Bhat

Mumbai: The Reserve Bank of India (RBI) under an agreement with the newly formed state of Telangana will manage its rupee public debt and act as the sole agent for investment of government funds from 2 June, it said in a statement on Tuesday.

The agreement follows the reorganization of the state of Andhra Pradesh into two separate states earlier this year. Reuters

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