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RBI may reverse monetary policy

The Reserve Bank of India (RBI) could reverse its monetary tightening cycle, if December inflation falls sharply, a senior finance ministry official said yesterday, a day after a central banker said interest rates have peaked. The RBI has

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Saudi board reverses Emaar compensation ruling

Emaar Properties said on Saturday it would appeal a Saudi ruling reversing an earlier judgment in its favour in a lawsuit that had sought $1.2 billion in compensation. 'It is not clear yet how the whole arbitration process, which has t

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