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Cabinet clears plan to invest $4.3 bn in World Bank bonds

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The cabinet on Thursday approved a proposal to invest $4.3 billion in the bonds of the World Bank group to secure additional cheaper funding from the multilateral agency for infrastructure projects.

 

The Reserve Bank of India (RBI) would invest in the bonds floated by the International Bank for Reconstruction and Development (IBRD), a lending arm of the World Bank. Read more

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