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News India Joins Russia, China in Questioning U.S. Dollar Dominan

India Joins Russia, China in Questioning U.S. Dollar Dominan

Submitted by brooks | 9 months ago

VisitCHN - July 4 (Bloomberg) — Suresh Tendulkar, an economic adviser to Indian Prime Minister Manmohan Singh, said he is urging the government to diversify its $264.6 billion foreign-exchange reserves and hold fewer dollars.

Tags: CHINA

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brooks 9 months ago

The major part of Indian reserves are in dollars — that is something that’s a problem for us,

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