US default

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India central bank intervenes to support dollar

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India's central bank is believed to have intervened in the foreign-exchange market on Wednesday to support the dollar against the rupee, Dow Jones Newswires reported, quoting traders.

The reported mo

IMF chief warns of global dangers of US default

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IMF chief Christine Lagarde warned on Tuesday the clock was ticking on a US debt deal, as the dollar slid to new lows amid concerns of a looming and unprecedented default by the world's top economy.

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