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21- October-1997	RBI de-regulates deposit rates, reduces CRR and Bank Rate (from 10\% to 9) and allows banks to have two sets of Prime Lending Rates.
28- October-1997	Cabinet permits RBI to issue rupee notes of 1000 denomination.
29- October-1997	P. Chidambaram, Finance Minister, says Indian rupee will be made fully and freely convertible by year 2000.