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

Across the Curve found this 7/4/2009 on bloomberg.com

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. “The major part of Indian reserves is in dollars -- that is something that’s ...