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India's Singh arrives for G20

Tuesday, Sep 03, 2013 - 00:34

Sept. 4 - Indian Prime Minister Manmohan Singh arrives for G20 summit. Rough Cut (no reporter narration).

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Indian Prime Minister Manmohan Singh arrived in the Russian city of St. Peterburg Wednesday for the G20 summit meeting. The Indian rupee is the worst performing major currency in recent months, having lost about 20 percent against the dollar since May to hit an all-time low. Other hard-hit emerging market currencies include the Brazilian real which has fallen more than 14 percent and the Indonesian rupiah, which has slid nearly 12 percent in 2013. The Group of 20 cut its teeth in the global financial crisis of 2009, achieving unprecedented cooperation between developed and emerging nations to stave off economic collapse which has not been matched since. Four years on, shifts of power and money - led by capital flight from emerging markets - and gaping divisions over Syria will test the resolve of the G20 leaders when they meet in Russia's second city of St Petersburg this week.

India's Singh arrives for G20

Tuesday, Sep 03, 2013 - 00:34

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