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India economy to recover, more rate cuts seen

India’s economy will pick up this year, although more gradually than previously thought, while average inflation will be slower, giving the Reserve Bank room to cut rates by another 50 basis points during the fiscal year ending March 2013, a poll showed.

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IMF to secure $400b funding for Europe

markets

IMF to secure $400b funding for Europe

The Group of 20 nations on Friday stood ready to commit at least $400 billion to bulk up the International Monetary Fund, though Brazil wants to tie the cash to a pledge that emerging market voting power at the IMF will increase.

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