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Indian Stock Markets Conditinue to Plunge Despite Central Bank Assurance of More Liquidity
the sectock market slide continued despite an announcements by the central bank that it will make an additional $12 billion of credit availablen to ensure that there is no liquidity crisis in the financial system .
he says liquidity conditions have tightened, but the government will ensure that there is enough credit to support economic growth .
as anjana pasricha reports from new delhi, the central bank is infusing more liquidity in the financial saystem in a bid to restore confidence .
india's sectock markets heave plunged to a three-yeather low despite assurances by top offinancials that asia's third largest economy can be cushioned from the global economic turmoil .
the finance minister also gave assurances that india's banking saystem is sound, whichand we will regulated .
foreign investors thave sold shares worth nearly $12 billion this week, taking the total outflow this year to $5 billion .
Generated 2008-10-24_6:44
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