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Chennai, July 16

The Reserve Bank of India purchased $4.4 billion in May, according to figures provided in the table on the sale/purchase of the US dollar by the RBI, given in its July monthly bulletin. It had purchased about $2 billion in April. Cumulatively, the purchases over the first two months of the fiscal have released about Rs 26,790 crore of liquidity into the system. It had purchased $26.8 billion during the fiscal ended March 2007. There has been no sale of dollars by the RB I during the last 14 months, according to the bulletin. —

Our Bureau

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RRBs recapitalisation by March 2010: Chidambaram

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