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(From Business Line)
from BUSINESS LINE, March 19, 2006 Mumbai, March 18 - The Reserve Bank of India has expressed concern over swelling asset prices and credit as these can lead to financial instability
The RBI's report on Currency and Finance - 2004-05, released today, said "while rising inflation is no longer a major concern, excessive increase in asset price and credit have emerged as a major challenge facing the central bank as strong swings in asset prices can lead to financial instability." Though not explained in detail in the report, RBI has been cautioning the rising price of assets - particularly real estates and stocks - and banks' exposure in …