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Bankruptcy code upgrade, RBI meeting

The amendments to the Insolvency and Bankruptcy Code (IBC) that were approved in the Lok Sabha (lower house of parliament) this week could provide much-needed support to India’s banking sector. But there's no guarantee that they will pass through the Rajya Sabha. Next week, we think interest rates will be left unchanged at the conclusion of the RBI's policy meeting on Friday as it remains focused on supporting the economic recovery.

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