Politics

Supporters holding flags of ruling Congress party leave after attending an election campaign rally by Rahul Gandhi at Hardoi district in Uttar Pradesh January 28, 2012. REUTERS/Adnan Abidi/Files

Weakened Congress wondering if early elections will help

The Congress party is debating holding a general election in November, six months ahead of schedule, senior party leaders said, reflecting an internal discussion over whether to pull the plug on the shaky ruling coalition or have it serve a full term.  Full Article 

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Yen extends losses, hits 20-month low vs dollar

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People pass the Bank of Japan headquarters building in Tokyo December 17, 2012. REUTERS/Yuriko Nakao

People pass the Bank of Japan headquarters building in Tokyo December 17, 2012.

Credit: Reuters/Yuriko Nakao

SINGAPORE | Wed Dec 26, 2012 5:37am IST

SINGAPORE (Reuters) - The yen fell to a 20-month low against the dollar on Wednesday, pressured by expectations that incoming Japanese Prime Minister Shinzo Abe would push the Bank of Japan into more forceful monetary easing.

The dollar rose as high as 85.08 yen on trading platform EBS, the greenback's highest level since April 2011, and last stood at 85.03 yen, up 0.4 percent on the day.

(Reporting by Masayuki Kitano; Editing by Edmund Klamann)
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