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International Monetary Fund Managing Director Dominique Strauss-Kahn. Mitch Dumke/Reuters
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Borrow? No. We can give money to IMF: PM

April 3, 2009

India, he added, has foreign exchange reserves of about $250 billion.

Expressing satisfaction at the inclusion of the country in the two key international committees, Singh said, "India has been recognised as a major economic player. It's a great achievement."

India has been made a member of the Financial Stability Forum (FSF) and the Basle Committee on Banking Supervision, the two key standard setting bodies.

Image: International Monetary Fund Managing Director Dominique Strauss-Kahn. Mitch Dumke/Reuters

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