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Sunday 22 November 2009 7:00 pm

Indian PM backs US dollar

By: admindrupal

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Indian Prime Minister Manmohan Singh has voiced confidence that the US economy will make a strong recovery and poured cold water on talk of dropping the dollar as the key global currency.

On a state visit to the United States, the 77-year-old trained economist said: "As far as I can see, right now there is no substitute for the dollar." China's central bank mooted a shift from the dollar.

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