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India not left out on Asian Common Currency talks: FM

Written by: Staff

Bangalore, Mar 27 (UNI) India has not been left out on talks relating to evolution of a Asian Common Currency, Union Finance Minister P Chidambaram said today.

''Just because a few people have joined together and started talks on Asia Common Currency, it does not mean India is left out,'' he said, replying to a question from newspersons on the sidelines of a seminar on Large Taxpayers Unit (LTU) here.

His reaction was sought in the wake of media reports that ASEAN countries were holding talks along with China, Japan and Korea on development of a Asian Currency Unit along with a single market to facilitate trade in the region.

To another question, Mr Chidambaram said the RBI Governor would have to decide on the demand from banks on the increase in Credit Reserve Ratio. Chairmen of various Banks would be meeting the RBI Governor in a couple of days, he added.


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