By the Blouin News Business staff

Posts Tagged: India

Brittle BRICS

by in Global Economy.
Brazil's President Rousseff, India's Prime Minister Singh, Russia's President Putin, China's President Xi and South African President Zuma pose for a picture after a BRICS leaders' meeting at the G20 Summit in Strelna
Apart as much as together: (from L) Rousseff, Singh, Putin, Xi and Zuma. Reuters/Sergei Karpukhin

The commitment of $100 billion by Brazil, Russia, India, China and South Africa (BRICS) to stabilize the battered currencies of emerging markets won’t to do much to impress the $5.3 trillion-a-day foreign exchange market.

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