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


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

etellefs

7-6-2009 12:55 PM

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etellefs says:

The US Reconing day's arrival continues to accelerate

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/332c7d7d-beee-4c86-b5bb-e110ef5c435d/35789494-C845-4223-A2BA-35B9D9357033/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601087&sid=aR7yfqUwTb4M" href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aR7yfqUwTb4M" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aR7yfqUwTb4M"><SPAN class="news_story_title">India Joins Russia, China in Questioning U.S. Dollar Dominance </SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aR7yfqUwTb4M"><P>By Mark Deen and Isabelle Mas</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aR7yfqUwTb4M"><P>     July 4 (Bloomberg) -- <A href="http://search.bloomberg.com/search?q=Suresh+Tendulkar&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Suresh Tendulkar</A>, an economic adviser
to Indian Prime Minister <A href="http://search.bloomberg.com/search?q=Manmohan+Singh&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Manmohan Singh</A>, said he is urging the
government to diversify its $264.6 billion foreign-exchange
reserves and hold fewer dollars.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aR7yfqUwTb4M"><P>“The major part of Indian reserves is in dollars -- that
is something that’s a problem for us,” Tendulkar, chairman of
the Prime Minister’s Economic Advisory Council, said in an
interview yesterday in Aix-en-Provence, France, where he was
attending an economic conference.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aR7yfqUwTb4M"><P>Singh is preparing to join leaders from the Group of Eight
industrialized nations -- the U.S., Japan, Germany, Britain,
France, Italy, Canada and Russia -- at a summit in Italy next
week which is due to tackle the global economy. China and Brazil
will also send representatives to the summit.     </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/35789494-C845-4223-A2BA-35B9D9357033/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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