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Cushion against a $ collapse
by
Shankar
on Oct 04, 2007 03:47 AM
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This will cushion the Indian economy against a possible collapse of USD. Some economists compare excessive Forex reserves to morphine shots. You don't want to become a nation dependent on them.
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The above message is part of the Discussion Board:
http://specials.rediff.com/money/2007/oct/04sld1.htm
