Business Standard

India's clout in IMF grows

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P Vaidyanathan Iyer New Delhi

The International Monetary Fund (IMF) has roped in India as a member of its financial transactions plan. The plan includes around 30 countries, which contribute up to 40 per cent of their membership quota obligations in cash.

Officials said foreign exchange reserves of almost $88 billion had boosted India

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First Published: Sep 22 2003 | 12:00 AM IST

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