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Bitcoin operators resume India operations cautiously

The Reserve Bank of India had last month issued a warning against dealing in bitcoin and other virtual currencies due to various risks, including those related to money-laundering and cyber security.

 
 
Wholesale inflation in India declined to a five-month low of 6.16 per cent in December, providing space to the Reserve Bank to ease interest rates and prop up growth.
Global private equity firm KKR has ranked India second among the emerging markets on external risks, citing the high fiscal and current account deficits.
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