The Troubled Rupee
RBI likely sold dollars after rupee hit record low of 59.93 - dealers
The Reserve Bank of India (RBI) likely sold dollars via state-run banks after the rupee slid to a record low on Thursday, several dealers said, as fears of foreign outflows from India are roiling domestic bond and stock markets. Full Article | Related Story
REUTERS SHOWCASE
Patriarchal Society
"No, we can't"- Japan's conservative values collide with plan to mobilise women for economy. Full Article
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Obama: Myanmar trip acknowledges progress to democracy
BANGKOK |
BANGKOK (Reuters) - U.S. President Barack Obama said on Sunday that his upcoming trip to Myanmar was not an endorsement of the government, but rather an acknowledgement of the progress it has made in moving towards democracy after decades of military rule.
"We understand it's a work in progress," he told a news conference in Thailand.
But he added: "I'm not somebody who thinks that the United States should stand on the sidelines and not want to get its hands dirty when there's an opportunity for us to encourage the better impulses inside a country."
Obama will on Monday become the first serving U.S. president to visit the country, also known as Burma.
Some human rights groups say the visit is premature because reforms have yet to be consolidated, but the White House has said Obama would press Myanmar's reformist president, Thein Sein, both in public and in private to do more about ethnic violence and human rights abuses.
(Reporting by Matt Spetalnick, Jeff Mason, Amy Sawitta Lefevre and Paul Carsten; Writing by Alan Raybould; Editing by Robert Birsel)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints





Follow Reuters