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      India to Drain $10.5 Billion From Banks After Cash Buildup

      India’s central bank will drain 1 trillion rupees ($10.5 billion) from lenders through bond sales, its strongest effort yet to tackle a massive build-up of surplus cash in the banking system that poses inflationary risks.

      Source: Bloomberg
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud