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2.The Supreme Court struck down Reserve Bank of India’s February 12 circular and ruled it as unconstitutional. What is February 12 circular of RBI? Why SC court called it unconstitutional? What would be its impact?

The Supreme Court struck down Reserve Bank of India’s February 12 circular and ruled it as unconstitutional. What is February 12 circular of RBI? Why SC court called it unconstitutional? What would be its impact?

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