India’s PM backs QE2
The Federal Open Market Committee's decision to buy $600 billion-worth of Treasury bonds has met with favour from India's prime minister.
At a press conference held on Monday to mark US President Barack Obama's visit to the country, Manmohan Singh, the prime minister, was quoted as saying in response to a question on the purchases: "A strong, robust, fast-growing United States is in the interests of the world. And therefore anything that would stimulate the underlying growth and policies of
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