The truth about Asian investment banking
EuromoneyFXNews.com

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December 2007

Dollar worries behind India’s boom time


The sinking dollar – not ­the sub-prime fallout – is the big hurdle for India’s most buoyant sectors.


In a year most notable for a rolling series of financial crises that have claimed the heads of many of America’s top bankers, India’s vibrant financial markets and new-found economic clout have provided a breath of fresh air. Indeed, New Delhi and Mumbai have fast become regular destinations for America’s leading investment bank chiefs, many no doubt rather happy to leave behind the sub-prime stench for a few days.

Many visitors naturally incorporated global events into their itineraries. Lloyd Blankfein, Goldman Sachs’s CEO and chairman, popped up at the Fortune Global Forum in New Delhi to offer his...


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