By Mark Deen and Isabelle Mas 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 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. 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. As the talks have neared,... [read full story]
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France: An economic adviser to Prime Minister Manmohan Singh, Suresh Tendulkar, said he is urging the government to diversify its $264.6 billion (Rs12.7 trillion) foreign exchange reserves and hold fewer dollars. Sound counsel:...
Aix en Provence: Suresh Tendulkar, an economic adviser to Indian Prime Minister Manmohan Singh, said he is urging the government to diversify its $264.6 billion (Dh971.7 billion) foreign-exchange rese...
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...
NEW YORK (MarketWatch) -- A senior official in the Indian government has joined the growing chorus questioning the U.S. dollar's unofficial position as global reserve currency, according a report publ...
Dmitry Medvedev, Zeng Peiyan, Manmohan Singh, International Relations, Investing & Markets, Financial Markets, International Summits, Economy, Finance, Banking & Insurance, Council of Ministers of the Republic of India, Executive Branch (Russia), Economic and Financial Crises, Prime Minister of India, Foreign Exchange Markets, Government of India, Investing, Group of 8, Chinese Government, President of the Russian Federation, Provence-Alpes-Côte-d'Azur, North America, South America, Bouches-du-Rhone, Brazil, Russia, Canada, France, Japan, India, China, Germany, Aix-en-Provence
